Tandem Financial LLC Purchases New Holdings in JPMorgan Municipal ETF $JMUB

Tandem Financial LLC acquired a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,016 shares of the company’s stock, valued at approximately $506,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NWF Advisory Services Inc. increased its stake in shares of JPMorgan Municipal ETF by 16.1% in the third quarter. NWF Advisory Services Inc. now owns 20,226 shares of the company’s stock worth $1,021,000 after buying an additional 2,803 shares during the last quarter. Avantax Planning Partners Inc. boosted its stake in JPMorgan Municipal ETF by 88.8% during the 3rd quarter. Avantax Planning Partners Inc. now owns 1,160,184 shares of the company’s stock valued at $58,554,000 after acquiring an additional 545,783 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in JPMorgan Municipal ETF by 1.3% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 25,781 shares of the company’s stock worth $1,301,000 after acquiring an additional 319 shares in the last quarter. Drive Wealth Management LLC bought a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth about $347,000. Finally, WBH Advisory Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $551,000.

JPMorgan Municipal ETF Stock Up 1.9%

Shares of JPMorgan Municipal ETF stock opened at $50.74 on Tuesday. The business has a 50-day moving average price of $50.64 and a 200 day moving average price of $50.24. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.31. The firm has a market cap of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.