JPMorgan Municipal ETF $JMUB Shares Newly Bought by PFW Advisors LLC

PFW Advisors LLC purchased a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,520 shares of the company’s stock, valued at approximately $691,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JMUB. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $730,906,000. JPMorgan Chase & Co. lifted its stake in JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after acquiring an additional 12,818,224 shares in the last quarter. Summit Financial Strategies Inc. lifted its stake in 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. Capital Analysts LLC grew its position in JPMorgan Municipal ETF by 856.3% in the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock valued at $90,546,000 after acquiring an additional 1,709,720 shares in the last quarter. Finally, LPL Financial LLC grew its position in JPMorgan Municipal ETF by 44.5% in the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after acquiring an additional 1,702,513 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB traded down $0.24 during mid-day trading on Wednesday, hitting $47.38. 3,097,488 shares of the company’s stock were exchanged, compared to its average volume of 1,246,498. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a fifty-two week low of $47.20 and a fifty-two week high of $51.34. The stock’s 50-day moving average is $49.02 and its 200-day moving average is $49.84.

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.