Fragasso Financial Advisors Inc boosted its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) by 3,401.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 162,620 shares of the company’s stock after purchasing an additional 157,975 shares during the period. JPMorgan Municipal ETF comprises approximately 0.4% of Fragasso Financial Advisors Inc’s holdings, making the stock its 27th largest position. Fragasso Financial Advisors Inc’s holdings in JPMorgan Municipal ETF were worth $7,736,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of JMUB. HB Wealth Management LLC bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth $730,906,000. Meeder Advisory Services Inc. raised its holdings in JPMorgan Municipal ETF by 32.5% in the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after purchasing an additional 1,044,894 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Municipal ETF by 26.5% in the 1st quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock valued at $181,736,000 after buying an additional 761,782 shares in the last quarter. Summit Financial Strategies Inc. raised its stake in shares of JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after acquiring an additional 2,803,937 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in JPMorgan Municipal ETF by 24.0% in the first quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock valued at $136,760,000 after acquiring an additional 529,795 shares in the last quarter.
JPMorgan Municipal ETF Stock Performance
NYSEARCA:JMUB traded up $0.21 during mid-day trading on Tuesday, hitting $47.86. 1,825,013 shares of the company’s stock traded hands, compared to its average volume of 1,312,172. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month high of $51.34. The company has a market capitalization of $8.39 billion, a P/E ratio of 9.96 and a beta of 0.24. The company has a fifty day moving average of $48.84 and a 200 day moving average of $49.77.
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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