Summit Financial Strategies Inc. Raises Stock Holdings in JPMorgan Municipal ETF $JMUB

Summit Financial Strategies Inc. lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,043 shares of the company’s stock after buying an additional 12,192 shares during the quarter. JPMorgan Municipal ETF comprises 0.5% of Summit Financial Strategies Inc.’s portfolio, making the stock its 23rd biggest holding. Summit Financial Strategies Inc. owned 0.22% of JPMorgan Municipal ETF worth $6,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC purchased a new stake in JPMorgan Municipal ETF in the 3rd quarter worth approximately $37,000. Franklin Resources Inc. bought a new position in shares of JPMorgan Municipal ETF in the third quarter worth approximately $41,000. Archer Investment Corp purchased a new stake in shares of JPMorgan Municipal ETF in the third quarter worth $58,000. Blue Trust Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at $60,000. Finally, Fifth Third Bancorp purchased a new position in shares of JPMorgan Municipal ETF during the 3rd quarter valued at $61,000.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $50.53 on Friday. JPMorgan Municipal ETF has a fifty-two week low of $48.80 and a fifty-two week high of $51.34. The company has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. The company has a fifty day moving average of $50.57 and a 200 day moving average of $50.62.

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.