JNBA Financial Advisors Purchases New Stake in JPMorgan Municipal ETF $JMUB

JNBA Financial Advisors acquired a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the second quarter, HoldingsChannel.com reports. The firm acquired 18,907 shares of the company’s stock, valued at approximately $964,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMUB. Royal Bank of Canada grew its holdings in JPMorgan Municipal ETF by 12.1% in the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after buying an additional 10,823 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of JPMorgan Municipal ETF by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after acquiring an additional 2,927 shares during the period. Cerity Partners LLC purchased a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth $1,950,000. Peapack Gladstone Financial Corp boosted its position in shares of JPMorgan Municipal ETF by 317.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock valued at $3,926,000 after acquiring an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter valued at about $2,233,000.

JPMorgan Municipal ETF Trading Down 0.2%

Shares of JMUB opened at $49.52 on Tuesday. JPMorgan Municipal ETF has a 12-month low of $49.33 and a 12-month high of $51.34. The firm has a 50-day moving average price of $50.05 and a 200 day moving average price of $50.31. The firm has a market capitalization of $3.04 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.