JPMorgan Municipal ETF $JMUB is Nolet Wealth Management LLC’s 2nd Largest Position

Nolet Wealth Management LLC lowered its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 26.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 346,476 shares of the company’s stock after selling 122,487 shares during the period. JPMorgan Municipal ETF accounts for about 9.7% of Nolet Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Nolet Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $17,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. acquired a new position in JPMorgan Municipal ETF in the 4th quarter worth about $27,000. Wellington Grp LLC increased its position in JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after buying an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in JPMorgan Municipal ETF during the fourth quarter worth $34,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF during the third quarter valued at about $41,000. Finally, N.E.W. Advisory Services LLC bought a new position in JPMorgan Municipal ETF during the fourth quarter valued at about $44,000.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $49.87 on Wednesday. The stock has a market capitalization of $3.06 billion, a P/E ratio of 9.96 and a beta of 0.21. The business has a 50-day moving average of $50.23 and a two-hundred day moving average of $50.41. JPMorgan Municipal ETF has a fifty-two week low of $49.33 and a fifty-two 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.