Truist Financial Corp Has $21.99 Million Stock Position in JPMorgan Municipal ETF $JMUB

Truist Financial Corp lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 3.4% during the 4th quarter, Holdings Channel reports. The firm owned 435,348 shares of the company’s stock after acquiring an additional 14,363 shares during the period. Truist Financial Corp’s holdings in JPMorgan Municipal ETF were worth $21,985,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JMUB. DAVENPORT & Co LLC grew its position in shares of JPMorgan Municipal ETF by 2.5% during the 4th quarter. DAVENPORT & Co LLC now owns 8,312 shares of the company’s stock worth $420,000 after buying an additional 202 shares during the period. MB Levis & Associates LLC increased its stake in shares of JPMorgan Municipal ETF by 11.2% in the 4th quarter. MB Levis & Associates LLC now owns 2,016 shares of the company’s stock valued at $102,000 after acquiring an additional 203 shares during the last quarter. KFA Private Wealth Group LLC increased its stake in shares of JPMorgan Municipal ETF by 4.3% in the 4th quarter. KFA Private Wealth Group LLC now owns 5,827 shares of the company’s stock valued at $294,000 after acquiring an additional 242 shares during the last quarter. Axis Wealth Partners LLC raised its position in shares of JPMorgan Municipal ETF by 4.4% in the 3rd quarter. Axis Wealth Partners LLC now owns 7,172 shares of the company’s stock valued at $362,000 after acquiring an additional 300 shares during the period. Finally, Sagespring Wealth Partners LLC raised its position in shares of JPMorgan Municipal ETF by 1.3% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 25,781 shares of the company’s stock valued at $1,301,000 after acquiring an additional 319 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of BATS JMUB opened at $50.36 on Thursday. The stock has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21. The firm has a 50 day moving average price of $50.45 and a 200 day moving average price of $50.62. JPMorgan Municipal ETF has a 52-week low of $49.06 and a 52-week 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.