Founders Financial Securities LLC Buys 214,524 Shares of JPMorgan Municipal ETF $JMUB

Founders Financial Securities LLC acquired a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 214,524 shares of the company’s stock, valued at approximately $10,207,000. Founders Financial Securities LLC owned 0.12% of JPMorgan Municipal ETF at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JMUB. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the second quarter worth $730,906,000. Meeder Advisory Services Inc. lifted its stake in JPMorgan Municipal ETF by 32.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after purchasing an additional 1,044,894 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Municipal ETF by 26.5% in the 1st quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock valued at $181,736,000 after buying an additional 761,782 shares in the last quarter. Summit Financial Strategies Inc. grew its holdings in shares of JPMorgan Municipal ETF by 1,780.4% during the second 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 last quarter. Finally, Bank of America Corp DE increased its position in JPMorgan Municipal ETF by 24.0% during the first quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock worth $136,760,000 after buying an additional 529,795 shares during the period.

JPMorgan Municipal ETF Stock Performance

NYSEARCA JMUB opened at $48.93 on Friday. The firm has a market cap of $8.96 billion, a PE ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a one year low of $47.20 and a one year high of $51.34. The firm’s fifty day moving average is $48.49 and its two-hundred day moving average is $49.93.

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.