Investment Planning Advisors Inc. Purchases 7,376 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Investment Planning Advisors Inc. lifted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,269 shares of the company’s stock after buying an additional 7,376 shares during the quarter. JPMorgan Municipal ETF makes up 0.9% of Investment Planning Advisors Inc.’s holdings, making the stock its 23rd largest holding. Investment Planning Advisors Inc. owned about 0.15% of JPMorgan Municipal ETF worth $2,070,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in JPMorgan Municipal ETF by 208.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock valued at $57,000 after acquiring an additional 755 shares in the last quarter. Blue Investment Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth $203,000. Aptus Capital Advisors LLC boosted its position in JPMorgan Municipal ETF by 291.3% during the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock valued at $206,000 after purchasing an additional 2,997 shares in the last quarter. Atria Investments Inc purchased a new position in JPMorgan Municipal ETF in the third quarter valued at about $208,000. Finally, Vawter Financial Ltd. bought a new position in JPMorgan Municipal ETF in the third quarter worth about $214,000.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $50.39 on Tuesday. The stock has a market cap of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The stock has a 50-day moving average price of $50.41 and a 200 day moving average price of $50.69.

JPMorgan Municipal ETF 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.