Sterling Investment Advisors Ltd. Acquires 14,800 Shares of JPMorgan Municipal ETF $JMUB

Sterling Investment Advisors Ltd. raised its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 92.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,800 shares of the company’s stock after acquiring an additional 14,800 shares during the period. Sterling Investment Advisors Ltd.’s holdings in JPMorgan Municipal ETF were worth $1,540,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. purchased a new stake in JPMorgan Municipal ETF in the fourth quarter valued at approximately $34,000. Franklin Resources Inc. purchased a new stake in JPMorgan Municipal ETF in the third quarter valued at approximately $41,000. N.E.W. Advisory Services LLC bought a new stake in JPMorgan Municipal ETF during the fourth quarter valued at approximately $44,000. Finally, SHP Wealth Management bought a new stake in JPMorgan Municipal ETF during the fourth quarter valued at approximately $47,000.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.34 on Wednesday. JPMorgan Municipal ETF has a one year low of $49.06 and a one year high of $51.34. The stock has a market cap of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. The firm has a 50 day simple moving average of $50.35 and a two-hundred day simple moving average of $50.52.

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.