NewEdge Advisors LLC lowered its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 44.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,118 shares of the company’s stock after selling 26,714 shares during the period. NewEdge Advisors LLC owned approximately 0.05% of JPMorgan Municipal ETF worth $1,656,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $27,000. Brown Brothers Harriman & Co. bought a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth approximately $34,000. Franklin Resources Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth approximately $41,000. N.E.W. Advisory Services LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth approximately $44,000. Finally, SHP Wealth Management purchased a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth approximately $47,000.
JPMorgan Municipal ETF Stock Down 0.1%
JMUB stock opened at $49.74 on Friday. JPMorgan Municipal ETF has a twelve month low of $49.28 and a twelve month high of $51.34. The firm has a market cap of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21. The business has a 50 day moving average of $50.30 and a 200 day moving average of $50.46.
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.
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