JPMorgan Municipal ETF $JMUB Shares Bought by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. increased its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 154.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,495 shares of the company’s stock after buying an additional 47,695 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in JPMorgan Municipal ETF were worth $3,873,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of JPMorgan Municipal ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 10,823 shares during the period. AQR Capital Management LLC boosted its stake in shares of JPMorgan Municipal ETF by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after acquiring an additional 2,927 shares in the last quarter. Cerity Partners LLC purchased a new position in JPMorgan Municipal ETF during the second quarter worth approximately $1,950,000. Peapack Gladstone Financial Corp lifted its position in shares of JPMorgan Municipal ETF by 317.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock valued at $3,926,000 after buying an additional 60,157 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in JPMorgan Municipal ETF during the second quarter valued at $2,233,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $49.03 on Wednesday. JPMorgan Municipal ETF has a one year low of $48.94 and a one year high of $51.34. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The stock has a 50 day moving average price of $49.86 and a 200 day moving average price of $50.22.

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.