IFP Advisors Inc Grows Stock Holdings in JPMorgan Municipal ETF $JMUB

IFP Advisors Inc lifted its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 266.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 84,122 shares of the company’s stock after purchasing an additional 61,152 shares during the quarter. IFP Advisors Inc’s holdings in JPMorgan Municipal ETF were worth $4,051,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Wellington Grp LLC increased its holdings in shares of JPMorgan Municipal ETF by 572.0% in the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after purchasing an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in JPMorgan Municipal ETF during the fourth quarter worth $34,000. Franklin Resources Inc. purchased a new stake in JPMorgan Municipal ETF in the 3rd quarter valued at $41,000. SHP Wealth Management purchased a new stake in JPMorgan Municipal ETF in the 4th quarter valued at $47,000. Finally, Lavaca Capital LLC purchased a new stake in JPMorgan Municipal ETF in the 4th quarter valued at $48,000.

JPMorgan Municipal ETF Stock Down 0.7%

Shares of JMUB opened at $48.46 on Friday. JPMorgan Municipal ETF has a 52-week low of $48.41 and a 52-week high of $51.34. The stock has a fifty day simple moving average of $49.78 and a two-hundred day simple moving average of $50.19. The company has a market capitalization of $8.22 billion, a PE ratio of 9.96 and a beta of 0.23.

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.