JPMorgan Municipal ETF $JMUB Stock Position Cut by Newman Dignan & Sheerar Inc.

Newman Dignan & Sheerar Inc. lessened its position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 67.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,520 shares of the company’s stock after selling 240,715 shares during the period. JPMorgan Municipal ETF comprises 1.1% of Newman Dignan & Sheerar Inc.’s holdings, making the stock its 24th largest position. Newman Dignan & Sheerar Inc. owned approximately 0.06% of JPMorgan Municipal ETF worth $5,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF during the third quarter worth about $4,451,000. Prime Capital Investment Advisors LLC grew its holdings in shares of JPMorgan Municipal ETF by 12.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 127,213 shares of the company’s stock worth $6,053,000 after buying an additional 13,809 shares in the last quarter. Commonwealth Financial Services LLC bought a new position in shares of JPMorgan Municipal ETF during the third quarter worth about $347,000. Smithbridge Asset Management Inc. DE acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $2,533,000. Finally, Retirement Planning Group LLC acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $8,950,000.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $48.24 on Wednesday. The firm has a market cap of $8.72 billion, a PE ratio of 9.96 and a beta of 0.24. The business’s 50 day simple moving average is $48.63 and its 200 day simple moving average is $49.69. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week high of $51.34.

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.