JPMorgan Municipal ETF (BATS:JMUB) Position Boosted by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,964 shares of the company’s stock after purchasing an additional 5,055 shares during the quarter. JPMorgan Municipal ETF accounts for 0.5% of Summit Financial Strategies Inc.’s portfolio, making the stock its 24th largest position. Summit Financial Strategies Inc. owned about 0.31% of JPMorgan Municipal ETF worth $4,361,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Raymond James & Associates boosted its stake in shares of JPMorgan Municipal ETF by 40.1% during the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after buying an additional 115,690 shares during the period. Sanctuary Advisors LLC boosted its position in JPMorgan Municipal ETF by 33.3% during the third quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock valued at $460,000 after purchasing an additional 2,272 shares during the last quarter. Atria Investments Inc acquired a new position in JPMorgan Municipal ETF in the 3rd quarter worth about $208,000. Cahill Financial Advisors Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $267,000. Finally, Jane Street Group LLC lifted its holdings in shares of JPMorgan Municipal ETF by 95.9% during the 3rd quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock valued at $1,587,000 after buying an additional 15,146 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.8 %

BATS:JMUB opened at $50.20 on Monday. The firm has a market capitalization of $1.39 billion, a P/E ratio of 10.22 and a beta of 0.08. The stock has a 50 day moving average price of $50.41 and a 200 day moving average price of $50.69.

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.