Divergent Planning LLC bought a new position in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,647 shares of the company’s stock, valued at approximately $826,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $25,000. Financial Gravity Asset Management Inc. acquired a new position in JPMorgan Municipal ETF during the 1st quarter worth approximately $28,000. Abound Wealth Management bought a new position in JPMorgan Municipal ETF in the second quarter worth approximately $78,000. Ameriflex Group Inc. boosted its holdings in JPMorgan Municipal ETF by 360.0% in the second quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock worth $114,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Allworth Financial LP grew its stake in JPMorgan Municipal ETF by 91.2% in the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $144,000 after acquiring an additional 1,392 shares during the period.
JPMorgan Municipal ETF Stock Up 1.9%
BATS JMUB opened at $50.74 on Tuesday. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The business has a 50 day moving average price of $50.09 and a 200-day moving average price of $49.61. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.
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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