Newman Dignan & Sheerar Inc. lifted its stake in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,576 shares of the company’s stock after buying an additional 14,369 shares during the period. JPMorgan Municipal ETF makes up 1.1% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 20th biggest position. Newman Dignan & Sheerar Inc. owned 0.16% of JPMorgan Municipal ETF worth $4,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the stock. ST Germain D J Co. Inc. purchased a new position in JPMorgan Municipal ETF in the 2nd quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of JPMorgan Municipal ETF during the first quarter worth $28,000. Abound Wealth Management acquired a new stake in JPMorgan Municipal ETF during the 2nd quarter valued at $78,000. Allworth Financial LP increased its stake in JPMorgan Municipal ETF by 91.2% during the 1st quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock worth $144,000 after buying an additional 1,392 shares during the period. Finally, Cranbrook Wealth Management LLC purchased a new stake in JPMorgan Municipal ETF during the 2nd quarter worth $147,000.
JPMorgan Municipal ETF Price Performance
BATS:JMUB opened at $50.34 on Thursday. The firm has a 50-day moving average of $49.79 and a two-hundred day moving average of $49.57. The stock has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31.
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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