Summit Financial Strategies Inc. Sells 2,785,571 Shares of JPMorgan Municipal ETF $JMUB

Summit Financial Strategies Inc. lowered its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 94.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 175,855 shares of the company’s stock after selling 2,785,571 shares during the period. JPMorgan Municipal ETF makes up approximately 0.6% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 22nd largest position. Summit Financial Strategies Inc. owned 0.10% of JPMorgan Municipal ETF worth $8,367,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mason & Associates Inc lifted its stake in JPMorgan Municipal ETF by 2.3% during the first quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock worth $468,000 after purchasing an additional 215 shares in the last quarter. Pennsylvania Capital Management Inc. ADV grew its stake in shares of JPMorgan Municipal ETF by 4.9% in the first quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock valued at $246,000 after buying an additional 230 shares in the last quarter. Balefire LLC grew its stake in shares of JPMorgan Municipal ETF by 4.3% in the second quarter. Balefire LLC now owns 5,870 shares of the company’s stock valued at $297,000 after buying an additional 242 shares in the last quarter. J. R. Prunier Capital Management LLC grew its stake in shares of JPMorgan Municipal ETF by 2.5% in the first quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock valued at $523,000 after buying an additional 252 shares in the last quarter. Finally, Milestone Investment Advisors LLC raised its holdings in shares of JPMorgan Municipal ETF by 2.8% in the 1st quarter. Milestone Investment Advisors LLC now owns 10,898 shares of the company’s stock valued at $545,000 after buying an additional 295 shares during the period.

JPMorgan Municipal ETF Trading Down 0.1%

JMUB stock opened at $47.81 on Thursday. The business’s fifty day moving average price is $48.76 and its 200 day moving average price is $49.74. JPMorgan Municipal ETF has a 12-month low of $47.20 and a 12-month high of $51.34. The company has a market capitalization of $8.59 billion, a PE ratio of 9.96 and a beta of 0.24.

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.