Sequoia Financial Advisors LLC Has $10.43 Million Stock Holdings in JPMorgan Municipal ETF $JMUB

Sequoia Financial Advisors LLC increased its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 7.6% during the 1st quarter, Holdings Channel reports. The fund owned 208,705 shares of the company’s stock after buying an additional 14,723 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $10,433,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Godsey & Gibb Inc. acquired a new stake in JPMorgan Municipal ETF in the fourth quarter worth $27,000. Brown Brothers Harriman & Co. bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth $34,000. Franklin Resources Inc. acquired a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at $41,000. N.E.W. Advisory Services LLC acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at $44,000. Finally, SHP Wealth Management acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at $47,000.

JPMorgan Municipal ETF Stock Up 0.1%

Shares of JMUB traded up $0.05 during trading hours on Friday, reaching $50.38. The stock had a trading volume of 2,493,357 shares, compared to its average volume of 930,807. The company has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52 week low of $49.06 and a 52 week high of $51.34. The firm has a 50-day moving average of $50.35 and a 200 day moving average of $50.52.

JPMorgan Municipal ETF Company 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.