Summit Financial Strategies Inc. Buys 5,055 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Summit Financial Strategies Inc. increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 86,964 shares of the company’s stock after purchasing an additional 5,055 shares during the period. JPMorgan Municipal ETF makes up 0.5% of Summit Financial Strategies Inc.’s holdings, making the stock its 24th largest position. Summit Financial Strategies Inc.’s holdings in JPMorgan Municipal ETF were worth $4,361,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Sunbelt Securities Inc. grew its holdings in JPMorgan Municipal ETF by 208.0% during the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock valued at $57,000 after purchasing an additional 755 shares during the last quarter. Blue Investment Partners LLC bought a new position in JPMorgan Municipal ETF in the 3rd quarter worth $203,000. Aptus Capital Advisors LLC lifted its position in JPMorgan Municipal ETF by 291.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after acquiring an additional 2,997 shares during the last quarter. Atria Investments Inc bought a new stake in JPMorgan Municipal ETF during the third quarter valued at about $208,000. Finally, Vawter Financial Ltd. bought a new stake in JPMorgan Municipal ETF during the third quarter valued at about $214,000.

JPMorgan Municipal ETF Stock Up 0.8 %

JPMorgan Municipal ETF stock opened at $50.20 on Monday. The business has a 50 day simple moving average of $50.41 and a 200-day simple moving average of $50.69. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

About JPMorgan Municipal ETF

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.