Nolet Wealth Management LLC Decreases Stake in JPMorgan Municipal ETF $JMUB

Nolet Wealth Management LLC trimmed its position in JPMorgan Municipal ETF (BATS:JMUB) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 468,963 shares of the company’s stock after selling 21,493 shares during the period. JPMorgan Municipal ETF accounts for 13.3% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Nolet Wealth Management LLC owned about 0.76% of JPMorgan Municipal ETF worth $23,443,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after buying an additional 12,818,224 shares in the last quarter. LPL Financial LLC grew its position in JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after buying an additional 1,702,513 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Municipal ETF by 29.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after buying an additional 950,852 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in JPMorgan Municipal ETF by 9.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,217,485 shares of the company’s stock worth $162,483,000 after acquiring an additional 277,270 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in JPMorgan Municipal ETF by 18.1% in the 4th quarter. Cetera Investment Advisers now owns 2,873,662 shares of the company’s stock worth $145,120,000 after acquiring an additional 439,697 shares during the last quarter.

JPMorgan Municipal ETF Stock Down 0.1%

BATS:JMUB opened at $50.28 on Thursday. The business’s 50-day moving average price is $50.35 and its two-hundred day moving average price is $50.52. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month high of $51.34. The stock has a market cap of $3.08 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.