Friday Financial Increases Position in JPMorgan Municipal ETF $JMUB

Friday Financial lifted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 55.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,248 shares of the company’s stock after buying an additional 10,814 shares during the period. Friday Financial’s holdings in JPMorgan Municipal ETF were worth $1,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JMUB. Royal Bank of Canada raised its stake in JPMorgan Municipal ETF by 12.1% during the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after acquiring an additional 10,823 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of JPMorgan Municipal ETF by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after purchasing an additional 2,927 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $1,950,000. Peapack Gladstone Financial Corp increased its holdings in shares of JPMorgan Municipal ETF by 317.8% in the second quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock valued at $3,926,000 after purchasing an additional 60,157 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $2,233,000.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $49.93 on Monday. The business has a 50 day simple moving average of $50.26 and a 200-day simple moving average of $50.42. JPMorgan Municipal ETF has a 12 month low of $49.33 and a 12 month high of $51.34. The stock has a market capitalization of $3.06 billion, a PE ratio of 9.96 and a beta of 0.21.

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.