United Community Bank bought a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,569 shares of the company’s stock, valued at approximately $3,313,000. JPMorgan Municipal ETF makes up 1.1% of United Community Bank’s holdings, making the stock its 18th biggest position. United Community Bank owned about 0.12% of JPMorgan Municipal ETF as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Grp LLC lifted its stake in JPMorgan Municipal ETF by 572.0% in the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after acquiring an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth about $34,000. Franklin Resources Inc. acquired a new position in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $41,000. SHP Wealth Management bought a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $47,000. Finally, Lavaca Capital LLC bought a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $48,000.
JPMorgan Municipal ETF Stock Performance
Shares of NYSEARCA:JMUB opened at $48.94 on Friday. JPMorgan Municipal ETF has a 52-week low of $48.94 and a 52-week high of $51.34. The company has a market capitalization of $8.30 billion, a P/E ratio of 9.96 and a beta of 0.23. The company has a 50-day simple moving average of $49.96 and a 200 day simple moving average of $50.27.
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.
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