JPMorgan Municipal ETF $JMUB Stake Raised by HTG Investment Advisors Inc.

HTG Investment Advisors Inc. increased its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 8.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,182 shares of the company’s stock after buying an additional 7,196 shares during the quarter. JPMorgan Municipal ETF comprises 1.7% of HTG Investment Advisors Inc.’s portfolio, making the stock its 15th largest holding. HTG Investment Advisors Inc. owned about 0.15% of JPMorgan Municipal ETF worth $4,477,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new position in JPMorgan Municipal ETF during the 2nd quarter worth $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of JPMorgan Municipal ETF during the first quarter valued at about $28,000. Abound Wealth Management acquired a new stake in JPMorgan Municipal ETF in the second quarter worth about $78,000. Ameriflex Group Inc. lifted its holdings in JPMorgan Municipal ETF by 360.0% in the second quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock worth $114,000 after purchasing an additional 1,800 shares during the period. Finally, Allworth Financial LP grew its position in JPMorgan Municipal ETF by 91.2% in the 1st quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $144,000 after buying an additional 1,392 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.1%

JPMorgan Municipal ETF stock opened at $50.34 on Tuesday. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company’s 50-day moving average price is $49.86 and its two-hundred day moving average price is $49.57.

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.