Sequoia Financial Advisors LLC boosted its position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 439.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,446 shares of the company’s stock after buying an additional 163,287 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $10,116,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in JPMorgan Municipal ETF during the second quarter valued at about $25,000. Financial Gravity Companies Inc. acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $28,000. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $48,000. Abound Wealth Management bought a new stake in JPMorgan Municipal ETF during the 2nd quarter valued at approximately $78,000. Finally, Cape Investment Advisory Inc. grew its holdings in JPMorgan Municipal ETF by 698.2% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after buying an additional 1,522 shares during the last quarter.
JPMorgan Municipal ETF Stock Up 2.0%
Shares of BATS JMUB opened at $50.80 on Monday. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.31. The company has a market cap of $3.12 billion, a P/E ratio of 9.96 and a beta of 0.21. The business’s 50 day moving average is $50.63 and its two-hundred day moving average is $50.19.
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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