JPMorgan Municipal ETF $JMUB Holdings Cut by Lido Advisors LLC

Lido Advisors LLC trimmed its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 61.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,538 shares of the company’s stock after selling 325,614 shares during the period. Lido Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $9,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. HB Wealth Management LLC bought a new position in shares of JPMorgan Municipal ETF in the second quarter worth $730,906,000. Meeder Advisory Services Inc. raised its position in shares of JPMorgan Municipal ETF by 32.5% in the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after buying an additional 1,044,894 shares in the last quarter. Cetera Investment Advisers boosted its stake in JPMorgan Municipal ETF by 26.5% during the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock valued at $181,736,000 after buying an additional 761,782 shares during the period. Summit Financial Strategies Inc. boosted its stake in JPMorgan Municipal ETF by 1,780.4% during the second quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock valued at $139,607,000 after buying an additional 2,803,937 shares during the period. Finally, Bank of America Corp DE grew its position in JPMorgan Municipal ETF by 24.0% during the first quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock worth $136,760,000 after buying an additional 529,795 shares in the last quarter.

JPMorgan Municipal ETF Stock Down 0.9%

Shares of NYSEARCA JMUB opened at $48.95 on Friday. The firm has a market capitalization of $9.15 billion, a P/E ratio of 9.96 and a beta of 0.24. The stock’s 50-day simple moving average is $48.42 and its two-hundred day simple moving average is $49.85. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month 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.