GFS Advisors LLC Takes $2.05 Million Position in JPMorgan Municipal ETF $JMUB

GFS Advisors LLC purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, Holdings Channel.com reports. The fund purchased 40,600 shares of the company’s stock, valued at approximately $2,050,000.

Several other large investors have also recently modified their holdings of JMUB. Godsey & Gibb Inc. bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at $27,000. Goodman Advisory Group LLC bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at $37,000. Franklin Resources Inc. bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at $41,000. N.E.W. Advisory Services LLC bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at $44,000. Finally, Blue Trust Inc. bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at $60,000.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.45 on Wednesday. The company has a fifty day moving average price of $50.28 and a 200-day moving average price of $50.54. The company has a market capitalization of $3.10 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.

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.