Summit Financial LLC Buys 26,428 Shares of JPMorgan Municipal ETF $JMUB

Summit Financial LLC grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,068 shares of the company’s stock after acquiring an additional 26,428 shares during the quarter. Summit Financial LLC’s holdings in JPMorgan Municipal ETF were worth $14,542,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new stake in JPMorgan Municipal ETF in the fourth quarter worth $27,000. Brown Brothers Harriman & Co. bought a new position in JPMorgan Municipal ETF in the 4th quarter valued at approximately $34,000. Goodman Advisory Group LLC bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $37,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $41,000. Finally, N.E.W. Advisory Services LLC bought a new position in JPMorgan Municipal ETF in the 4th quarter valued at approximately $44,000.

JPMorgan Municipal ETF Trading Down 0.2%

JPMorgan Municipal ETF stock opened at $50.32 on Friday. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The stock has a fifty day simple moving average of $50.31 and a two-hundred day simple moving average of $50.54. JPMorgan Municipal ETF has a 12 month low of $49.06 and a 12 month high of $51.34.

JPMorgan Municipal ETF Company 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.