United Community Bank Purchases New Stake in JPMorgan Municipal ETF $JMUB

United Community Bank purchased a new stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) in the 2nd quarter, Holdings Channel reports. The fund purchased 70,569 shares of the company’s stock, valued at approximately $3,313,000. JPMorgan Municipal ETF accounts for about 1.1% of United Community Bank’s holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JMUB. Mason & Associates Inc increased its holdings in shares of JPMorgan Municipal ETF by 2.3% in the first quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock valued at $468,000 after purchasing an additional 215 shares during the last quarter. Pennsylvania Capital Management Inc. ADV lifted its stake in shares of JPMorgan Municipal ETF by 4.9% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock worth $246,000 after buying an additional 230 shares during the last quarter. Balefire LLC lifted its stake in shares of JPMorgan Municipal ETF by 4.3% during the 2nd quarter. Balefire LLC now owns 5,870 shares of the company’s stock worth $297,000 after buying an additional 242 shares during the last quarter. J. R. Prunier Capital Management LLC boosted its holdings in shares of JPMorgan Municipal ETF by 2.5% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock worth $523,000 after buying an additional 252 shares during the period. Finally, Calton & Associates Inc. grew its stake in JPMorgan Municipal ETF by 3.3% in the 4th quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock valued at $431,000 after buying an additional 270 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $48.94 on Friday. The firm has a market cap of $8.30 billion, a P/E ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 52 week low of $48.94 and a 52 week high of $51.34. The firm’s 50-day simple moving average is $49.96 and its 200 day simple moving average is $50.27.

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.