Shorepoint Capital Partners LLC bought a new stake in JPMorgan Municipal ETF (BATS:JMUB – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 140,638 shares of the company’s stock, valued at approximately $7,098,000. JPMorgan Municipal ETF comprises 1.4% of Shorepoint Capital Partners LLC’s portfolio, making the stock its 21st biggest position.
Other large investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new position in shares of JPMorgan Municipal ETF in the second quarter valued at $25,000. Financial Gravity Companies Inc. bought a new position in JPMorgan Municipal ETF during the 2nd quarter worth $28,000. Briaud Financial Planning Inc bought a new position in shares of JPMorgan Municipal ETF in the second quarter worth $48,000. Abound Wealth Management acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at approximately $78,000. Finally, Cape Investment Advisory Inc. lifted its stake in JPMorgan Municipal ETF by 698.2% during the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock worth $86,000 after purchasing an additional 1,522 shares during the last quarter.
JPMorgan Municipal ETF Trading Up 1.4%
JMUB stock opened at $50.51 on Tuesday. The firm has a 50-day moving average price of $50.62 and a 200-day moving average price of $49.98. The stock 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 12 month low of $47.95 and a 12 month high of $51.31.
JPMorgan Municipal ETF Cuts Dividend
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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