Galvin Gaustad & Stein LLC decreased its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 4.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 53,887 shares of the company’s stock after selling 2,766 shares during the period. Galvin Gaustad & Stein LLC owned 0.09% of JPMorgan Municipal ETF worth $2,675,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $25,000. Financial Gravity Asset Management Inc. purchased a new position in JPMorgan Municipal ETF during the 1st quarter valued at about $28,000. Abound Wealth Management purchased a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $78,000. Ameriflex Group Inc. grew its position in shares of JPMorgan Municipal ETF by 360.0% in the 2nd quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock worth $114,000 after buying an additional 1,800 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of JPMorgan Municipal ETF by 91.2% in the 1st quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock worth $144,000 after buying an additional 1,392 shares during the last quarter.
JPMorgan Municipal ETF Stock Up 1.2%
Shares of JPMorgan Municipal ETF stock opened at $50.39 on Friday. The firm’s 50 day moving average price is $49.92 and its 200-day moving average price is $49.58. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week high of $51.31. 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 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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