Sterling Investment Advisors Ltd. purchased a new position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,000 shares of the company’s stock, valued at approximately $808,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Harbour Investments Inc. bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth $73,000. Clearwater Capital Advisors LLC grew its stake in shares of JPMorgan Municipal ETF by 217.4% in the fourth quarter. Clearwater Capital Advisors LLC now owns 369,290 shares of the company’s stock worth $18,649,000 after purchasing an additional 252,933 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth $76,000. Principle Wealth Partners LLC bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth $2,028,000. Finally, Keudell Morrison Wealth Management bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth $8,715,000.
JPMorgan Municipal ETF Stock Performance
BATS:JMUB opened at $50.00 on Tuesday. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a fifty day moving average of $50.25 and a 200-day moving average of $50.57.
JPMorgan Municipal ETF 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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