Investment Planning Advisors Inc. Raises Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Investment Planning Advisors Inc. lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 21.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,269 shares of the company’s stock after purchasing an additional 7,376 shares during the quarter. JPMorgan Municipal ETF comprises about 0.9% of Investment Planning Advisors Inc.’s portfolio, making the stock its 23rd largest holding. Investment Planning Advisors Inc.’s holdings in JPMorgan Municipal ETF were worth $2,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of JMUB. Thrivent Financial for Lutherans increased its holdings in shares of JPMorgan Municipal ETF by 15.5% in the second quarter. Thrivent Financial for Lutherans now owns 29,229 shares of the company’s stock valued at $1,473,000 after purchasing an additional 3,923 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Municipal ETF by 9.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock worth $56,973,000 after buying an additional 94,579 shares during the last quarter. NewEdge Advisors LLC raised its position in JPMorgan Municipal ETF by 21.0% during the 2nd quarter. NewEdge Advisors LLC now owns 28,626 shares of the company’s stock worth $1,442,000 after buying an additional 4,963 shares during the last quarter. Truist Financial Corp boosted its holdings in JPMorgan Municipal ETF by 4.8% in the second quarter. Truist Financial Corp now owns 358,083 shares of the company’s stock valued at $18,038,000 after purchasing an additional 16,539 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in JPMorgan Municipal ETF by 59.9% during the 2nd quarter. Cetera Investment Advisers now owns 114,602 shares of the company’s stock worth $5,773,000 after purchasing an additional 42,929 shares during the period.

JPMorgan Municipal ETF Trading Up 1.2 %

Shares of JMUB stock opened at $50.39 on Tuesday. The firm has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The company has a 50-day moving average of $50.41 and a 200-day moving average of $50.69.

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.