1,318,267 Shares of JPMorgan Municipal ETF $JMUB Purchased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC bought a new position in JPMorgan Municipal ETF (NYSEARCA:JMUB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,318,267 shares of the company’s stock, valued at approximately $62,723,000. JPMorgan Municipal ETF comprises 1.0% of Forvis Mazars Wealth Advisors LLC’s holdings, making the stock its 15th biggest holding. Forvis Mazars Wealth Advisors LLC owned approximately 0.75% of JPMorgan Municipal ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HB Wealth Management LLC acquired a new position in JPMorgan Municipal ETF in the second quarter valued at approximately $730,906,000. Summit Financial Strategies Inc. grew its stake in shares of JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after purchasing an additional 2,803,937 shares during the period. Capital Analysts LLC grew its stake in shares of JPMorgan Municipal ETF by 856.3% during the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock worth $90,546,000 after purchasing an additional 1,709,720 shares during the period. Kintra Wealth LLC grew its stake in shares of JPMorgan Municipal ETF by 8,851.3% during the 2nd quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock worth $66,564,000 after purchasing an additional 1,417,177 shares during the period. Finally, Corient Private Wealth LP increased its holdings in shares of JPMorgan Municipal ETF by 187.4% during the 2nd quarter. Corient Private Wealth LP now owns 1,943,940 shares of the company’s stock valued at $93,477,000 after purchasing an additional 1,267,651 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 0.5%

Shares of NYSEARCA:JMUB traded up $0.23 during trading on Tuesday, hitting $47.88. 5,887,294 shares of the stock traded hands, compared to its average volume of 1,333,953. The company has a fifty day moving average price of $48.84 and a two-hundred day moving average price of $49.77. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week high of $51.34. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24.

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.