Pennsylvania Capital Management Inc. ADV Takes Position in JPMorgan Municipal ETF $JMUB

Pennsylvania Capital Management Inc. ADV bought a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,168 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC raised its stake in shares of JPMorgan Municipal ETF by 9.4% in the first quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock worth $3,949,000 after buying an additional 6,787 shares during the period. Meeder Advisory Services Inc. bought a new position in shares of JPMorgan Municipal ETF in the first quarter worth about $126,587,000. Certified Advisory Corp bought a new position in shares of JPMorgan Municipal ETF in the first quarter worth about $238,000. 1900 Wealth Management LLC raised its stake in shares of JPMorgan Municipal ETF by 122.2% in the first quarter. 1900 Wealth Management LLC now owns 543,162 shares of the company’s stock worth $27,158,000 after buying an additional 298,677 shares during the period. Finally, OMNI 360 Wealth Inc. raised its stake in shares of JPMorgan Municipal ETF by 32.6% in the first quarter. OMNI 360 Wealth Inc. now owns 6,096 shares of the company’s stock worth $305,000 after buying an additional 1,500 shares during the period.

JPMorgan Municipal ETF Stock Up 1.3%

BATS JMUB opened at $50.44 on Tuesday. The stock’s 50-day moving average price is $49.74 and its 200-day moving average price is $49.56. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The company has a market capitalization of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Company 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.