First Horizon Advisors Inc. Has $2.60 Million Stake in JPMorgan Municipal ETF (BATS:JMUB)

First Horizon Advisors Inc. cut its position in JPMorgan Municipal ETF (BATS:JMUB) by 6.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,966 shares of the company’s stock after selling 3,754 shares during the quarter. First Horizon Advisors Inc. owned 0.10% of JPMorgan Municipal ETF worth $2,598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JMUB. 1620 Investment Advisors Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth $44,000. Mascagni Wealth Management Inc. bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth about $52,000. WealthTrak Capital Management LLC bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth about $124,000. Hollencrest Capital Management acquired a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at approximately $138,000. Finally, Sincerus Advisory LLC bought a new stake in shares of JPMorgan Municipal ETF during the 1st quarter valued at approximately $204,000.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $49.52 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company has a 50 day simple moving average of $49.44 and a 200 day simple moving average of $49.83.

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.