Summit Financial Strategies Inc. Has $139.61 Million Position in JPMorgan Municipal ETF $JMUB

Summit Financial Strategies Inc. grew its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 1,780.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,961,426 shares of the company’s stock after buying an additional 2,803,937 shares during the period. JPMorgan Municipal ETF makes up 9.8% of Summit Financial Strategies Inc.’s portfolio, making the stock its 2nd largest holding. Summit Financial Strategies Inc.’s holdings in JPMorgan Municipal ETF were worth $139,607,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JMUB. HB Wealth Management LLC purchased a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at about $730,906,000. JPMorgan Chase & Co. increased its stake in JPMorgan Municipal ETF by 1,656.4% during the fourth 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 during the last quarter. LPL Financial LLC raised its position in JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares during the period. Kintra Wealth LLC raised its position in JPMorgan Municipal ETF by 8,851.3% during the second quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock valued at $66,564,000 after purchasing an additional 1,417,177 shares during the period. Finally, Corient Private Wealth LP lifted its stake in shares of JPMorgan Municipal ETF by 187.4% in the 2nd quarter. Corient Private Wealth LP now owns 1,943,940 shares of the company’s stock valued at $93,477,000 after purchasing an additional 1,267,651 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $49.03 on Wednesday. The stock has a market cap 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 has a one year low of $48.94 and a one year high of $51.34.

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.