Sterling Investment Advisors Ltd. Makes New $808,000 Investment in JPMorgan Municipal ETF $JMUB

Sterling Investment Advisors Ltd. bought a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,000 shares of the company’s stock, valued at approximately $808,000.

Several other large investors have also recently added to or reduced their stakes in JMUB. Captrust Financial Advisors increased its position in JPMorgan Municipal ETF by 375.8% in the third quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock worth $53,560,000 after buying an additional 838,165 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in JPMorgan Municipal ETF by 34.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock worth $161,951,000 after buying an additional 826,847 shares during the period. Ameriprise Financial Inc. increased its position in JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after buying an additional 683,129 shares during the period. Bank of America Corp DE increased its position in JPMorgan Municipal ETF by 152.3% in the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after buying an additional 665,100 shares during the period. Finally, Avantax Planning Partners Inc. increased its position in JPMorgan Municipal ETF by 88.8% in the third quarter. Avantax Planning Partners Inc. now owns 1,160,184 shares of the company’s stock worth $58,554,000 after buying an additional 545,783 shares during the period.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $50.00 on Tuesday. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34. The business’s fifty day moving average price is $50.25 and its two-hundred day moving average price is $50.57. The firm has a market capitalization of $3.07 billion, a PE 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.