Avantax Advisory Services Inc. Raises Position in JPMorgan Municipal ETF (BATS:JMUB)

Avantax Advisory Services Inc. increased its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,372 shares of the company’s stock after purchasing an additional 3,603 shares during the quarter. Avantax Advisory Services Inc. owned 0.06% of JPMorgan Municipal ETF worth $1,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in JMUB. Brookwood Investment Group LLC bought a new stake in JPMorgan Municipal ETF in the 1st quarter worth $882,000. Summit Wealth Partners LLC grew its holdings in JPMorgan Municipal ETF by 23.5% in the 1st quarter. Summit Wealth Partners LLC now owns 69,069 shares of the company’s stock worth $3,453,000 after acquiring an additional 13,124 shares during the last quarter. Retirement Income Solutions Inc bought a new stake in JPMorgan Municipal ETF in the 1st quarter worth $6,312,000. AllGen Financial Advisors Inc. grew its holdings in JPMorgan Municipal ETF by 2.7% in the 1st quarter. AllGen Financial Advisors Inc. now owns 285,173 shares of the company’s stock worth $14,259,000 after acquiring an additional 7,610 shares during the last quarter. Finally, Next Level Wealth Planning LLC bought a new stake in JPMorgan Municipal ETF in the 1st quarter worth $462,000.

JPMorgan Municipal ETF Stock Down 1.1%

Shares of JPMorgan Municipal ETF stock opened at $49.23 on Thursday. The firm has a market cap of $3.02 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The company’s fifty day simple moving average is $49.38 and its two-hundred day simple moving average is $49.71.

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.