Saxon Interests Inc. Makes New $453,000 Investment in JPMorgan Municipal ETF (BATS:JMUB)

Saxon Interests Inc. purchased a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,890 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cornerstone Wealth Management LLC lifted its stake in JPMorgan Municipal ETF by 0.4% during the third quarter. Cornerstone Wealth Management LLC now owns 123,983 shares of the company’s stock valued at $5,997,000 after buying an additional 477 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in JPMorgan Municipal ETF by 130.0% during the third quarter. Envestnet Asset Management Inc. now owns 209,453 shares of the company’s stock valued at $10,131,000 after buying an additional 118,404 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in JPMorgan Municipal ETF during the third quarter valued at about $102,000. Truist Financial Corp lifted its stake in JPMorgan Municipal ETF by 133.2% during the third quarter. Truist Financial Corp now owns 338,559 shares of the company’s stock valued at $16,376,000 after buying an additional 193,409 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in JPMorgan Municipal ETF by 70.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,553 shares of the company’s stock valued at $365,000 after buying an additional 3,128 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB stock remained flat at $50.74 during mid-day trading on Thursday. 136,545 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $50.74 and a 200-day moving average price of $49.88.

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.