Sequoia Financial Advisors LLC grew its holdings in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 208,705 shares of the company’s stock after purchasing an additional 14,723 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.34% of JPMorgan Municipal ETF worth $10,433,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in JPMorgan Municipal ETF in the fourth quarter valued at approximately $27,000. Brown Brothers Harriman & Co. bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at $34,000. Franklin Resources Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at $41,000. N.E.W. Advisory Services LLC acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at $44,000. Finally, SHP Wealth Management acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at $47,000.
JPMorgan Municipal ETF Trading Up 0.1%
Shares of BATS:JMUB traded up $0.05 during midday trading on Friday, hitting $50.38. The company had a trading volume of 2,493,357 shares, compared to its average volume of 930,807. JPMorgan Municipal ETF has a 12 month low of $49.06 and a 12 month high of $51.34. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm has a fifty day simple moving average of $50.35 and a 200 day simple moving average of $50.52.
About JPMorgan Municipal ETF
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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