Comprehensive Financial Planning Inc. PA bought a new stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 24,759 shares of the company’s stock, valued at approximately $1,162,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of JPMorgan Municipal ETF by 12.1% in the first 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 in the last quarter. AQR Capital Management LLC lifted its holdings in 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 in the last quarter. Cerity Partners LLC acquired a new stake in JPMorgan Municipal ETF during the 2nd quarter worth $1,950,000. Peapack Gladstone Financial Corp grew its holdings in shares of JPMorgan Municipal ETF by 317.8% during the second quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock worth $3,926,000 after buying an additional 60,157 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at about $2,233,000.
JPMorgan Municipal ETF Trading Down 0.3%
NYSEARCA:JMUB opened at $48.94 on Friday. The company has a market cap of $8.30 billion, a P/E ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a twelve month low of $48.94 and a twelve month high of $51.34. The company’s 50-day moving average price is $49.96 and its 200-day moving average price is $50.27.
About JPMorgan Municipal ETF
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.
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