Avantax Planning Partners Inc. Has $63.20 Million Holdings in JPMorgan Municipal ETF $JMUB

Avantax Planning Partners Inc. raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,251,400 shares of the company’s stock after buying an additional 91,216 shares during the quarter. JPMorgan Municipal ETF accounts for 1.8% of Avantax Planning Partners Inc.’s portfolio, making the stock its 13th largest position. Avantax Planning Partners Inc.’s holdings in JPMorgan Municipal ETF were worth $63,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. acquired a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $27,000. Goodman Advisory Group LLC acquired a new position in JPMorgan Municipal ETF in the 3rd quarter worth approximately $37,000. Franklin Resources Inc. acquired a new position in JPMorgan Municipal ETF in the 3rd quarter worth approximately $41,000. N.E.W. Advisory Services LLC purchased a new position in JPMorgan Municipal ETF during the 4th quarter worth approximately $44,000. Finally, Archer Investment Corp acquired a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $58,000.

JPMorgan Municipal ETF Stock Down 0.1%

JMUB opened at $50.19 on Friday. The stock has a fifty day moving average of $50.35 and a 200-day moving average of $50.60. The firm has a market capitalization of $3.08 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12-month low of $49.06 and a 12-month high of $51.34.

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.