Summit Financial Strategies Inc. Grows Stock Position in JPMorgan Municipal ETF $JMUB

Summit Financial Strategies Inc. increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 19.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,489 shares of the company’s stock after purchasing an additional 25,446 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 0.6% of Summit Financial Strategies Inc.’s holdings, making the stock its 21st biggest position. Summit Financial Strategies Inc.’s holdings in JPMorgan Municipal ETF were worth $7,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JMUB. Godsey & Gibb Inc. acquired a new position in JPMorgan Municipal ETF in the 4th quarter valued at $27,000. Brown Brothers Harriman & Co. acquired a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth $34,000. Franklin Resources Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth $41,000. N.E.W. Advisory Services LLC purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at about $44,000. Finally, SHP Wealth Management purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at about $47,000.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of JPMorgan Municipal ETF stock traded up $0.05 on Friday, reaching $50.38. 2,493,357 shares of the stock were exchanged, compared to its average volume of 930,807. The firm has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34. The business has a fifty day moving average price of $50.35 and a two-hundred day moving average price of $50.52.

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.