529,331 Shares of JPMorgan Municipal ETF $JMUB Purchased by Mather Group LLC.

Mather Group LLC. bought a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) in the third quarter, Holdings Channel.com reports. The institutional investor bought 529,331 shares of the company’s stock, valued at approximately $25,186,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HB Wealth Management LLC purchased a new stake in JPMorgan Municipal ETF in the second quarter valued at approximately $730,906,000. Meeder Advisory Services Inc. increased its holdings in JPMorgan Municipal ETF by 32.5% in the 1st quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after buying an additional 1,044,894 shares during the period. Cetera Investment Advisers raised its position in JPMorgan Municipal ETF by 26.5% during the 1st quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after buying an additional 761,782 shares during the last quarter. Summit Financial Strategies Inc. raised its position in JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after buying an additional 2,803,937 shares during the last quarter. Finally, Bank of America Corp DE raised its position in JPMorgan Municipal ETF by 24.0% during the 1st quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock worth $136,760,000 after buying an additional 529,795 shares during the last quarter.

JPMorgan Municipal ETF Trading Down 0.1%

Shares of NYSEARCA JMUB opened at $47.81 on Thursday. JPMorgan Municipal ETF has a 12 month low of $47.20 and a 12 month high of $51.34. The company has a 50 day simple moving average of $48.76 and a two-hundred day simple moving average of $49.74. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24.

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.