JPMorgan Municipal ETF $JMUB Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC reduced its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 89.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 62,149 shares of the company’s stock after selling 541,640 shares during the period. WealthPlan Investment Management LLC’s holdings in JPMorgan Municipal ETF were worth $2,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JMUB. HB Wealth Management LLC bought a new position in JPMorgan Municipal ETF during the 2nd quarter worth about $730,906,000. Summit Financial Strategies Inc. lifted its position in shares of JPMorgan Municipal ETF by 1,780.4% in the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after purchasing an additional 2,803,937 shares during the period. Capital Analysts LLC boosted its stake in shares of JPMorgan Municipal ETF by 856.3% during the second quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock valued at $90,546,000 after purchasing an additional 1,709,720 shares in the last quarter. Kintra Wealth LLC boosted its stake in shares of JPMorgan Municipal ETF by 8,851.3% during the second quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock valued at $66,564,000 after purchasing an additional 1,417,177 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at approximately $62,723,000.

JPMorgan Municipal ETF Trading Up 0.8%

Shares of JMUB traded up $0.36 during trading hours on Thursday, hitting $48.17. The company had a trading volume of 1,322,239 shares, compared to its average volume of 1,353,998. The company’s fifty day moving average price is $48.76 and its two-hundred day moving average price is $49.74. The company has a market capitalization of $8.66 billion, a PE ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a one year low of $47.20 and a one year high of $51.34.

JPMorgan Municipal ETF Company 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.