Capital Analysts LLC Purchases 1,709,720 Shares of JPMorgan Municipal ETF $JMUB

Capital Analysts LLC increased its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 856.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,909,389 shares of the company’s stock after buying an additional 1,709,720 shares during the period. JPMorgan Municipal ETF makes up about 2.1% of Capital Analysts LLC’s portfolio, making the stock its 5th largest holding. Capital Analysts LLC’s holdings in JPMorgan Municipal ETF were worth $90,546,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Grp LLC increased its holdings in shares of JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after purchasing an additional 532 shares during the period. Brown Brothers Harriman & Co. bought a new stake in JPMorgan Municipal ETF during the fourth quarter worth approximately $34,000. Franklin Resources Inc. acquired a new position in shares of JPMorgan Municipal ETF in the 3rd quarter worth $41,000. SHP Wealth Management acquired a new stake in JPMorgan Municipal ETF during the 4th quarter worth about $47,000. Finally, Lavaca Capital LLC acquired a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $48,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $49.03 on Wednesday. The company’s 50 day moving average price is $49.86 and its 200 day moving average price is $50.22. 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 $8.31 billion, a PE ratio of 9.96 and a beta of 0.23.

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.