Northwestern Mutual Wealth Management Co. decreased its position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 98.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,415 shares of the company’s stock after selling 3,156,439 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Municipal ETF were worth $2,647,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. TBH Global Asset Management LLC increased its position in shares of JPMorgan Municipal ETF by 1,180.8% during the fourth quarter. TBH Global Asset Management LLC now owns 352,676 shares of the company’s stock worth $17,810,000 after acquiring an additional 325,140 shares during the period. Aspen Wealth Management LLC increased its position in shares of JPMorgan Municipal ETF by 10.9% during the fourth quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock worth $17,974,000 after acquiring an additional 34,931 shares during the period. Breakwater Capital Group increased its position in shares of JPMorgan Municipal ETF by 29.7% during the fourth quarter. Breakwater Capital Group now owns 54,295 shares of the company’s stock worth $2,742,000 after acquiring an additional 12,428 shares during the period. Cyndeo Wealth Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth $1,929,000. Finally, Daymark Wealth Partners LLC increased its position in shares of JPMorgan Municipal ETF by 45.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock worth $2,815,000 after acquiring an additional 17,404 shares during the period.
JPMorgan Municipal ETF Stock Performance
JPMorgan Municipal ETF stock opened at $50.00 on Tuesday. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month high of $51.34. The stock’s fifty day simple moving average is $50.25 and its 200-day simple moving average is $50.57. The firm has a market capitalization of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21.
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.
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