Founders Financial Securities LLC purchased a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) in the third quarter, HoldingsChannel reports. The firm purchased 214,524 shares of the company’s stock, valued at approximately $10,207,000.
Other institutional investors have also recently modified their holdings of the company. Wellington Grp LLC lifted its position in shares of JPMorgan Municipal ETF by 572.0% in the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after acquiring an additional 532 shares in the last quarter. Legacy Wealth Managment LLC ID grew its holdings in shares of JPMorgan Municipal ETF by 302.2% during the first quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock worth $64,000 after buying an additional 958 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $75,000. Parkside Financial Bank & Trust acquired a new position in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $108,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the first quarter valued at approximately $109,000.
JPMorgan Municipal ETF Stock Performance
Shares of JMUB opened at $48.93 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.20 and a 1 year high of $51.34. The company’s 50 day simple moving average is $48.49 and its 200 day simple moving average is $49.93. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24.
JPMorgan Municipal ETF Company Profile
The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds an actively managed portfolio of various US municipal securities. JMUB was launched on Oct 29, 2018 and is managed by JPMorgan Chase.
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