TruWealth Advisors LLC Reduces Position in JPMorgan Municipal ETF (BATS:JMUB)

TruWealth Advisors LLC trimmed its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 5.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,168 shares of the company’s stock after selling 7,696 shares during the period. TruWealth Advisors LLC owned 0.26% of JPMorgan Municipal ETF worth $6,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quadcap Wealth Management LLC raised its position in shares of JPMorgan Municipal ETF by 80.3% in the fourth quarter. Quadcap Wealth Management LLC now owns 35,954 shares of the company’s stock valued at $1,803,000 after buying an additional 16,011 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of JPMorgan Municipal ETF by 7.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,934 shares of the company’s stock valued at $348,000 after buying an additional 490 shares during the last quarter. RiverFront Investment Group LLC raised its position in shares of JPMorgan Municipal ETF by 6.3% in the fourth quarter. RiverFront Investment Group LLC now owns 92,666 shares of the company’s stock valued at $4,647,000 after buying an additional 5,476 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of JPMorgan Municipal ETF by 14.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 351,299 shares of the company’s stock valued at $17,618,000 after buying an additional 44,359 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of JPMorgan Municipal ETF by 25.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,917 shares of the company’s stock valued at $1,199,000 after buying an additional 4,784 shares during the last quarter.

JPMorgan Municipal ETF Stock Down 1.2%

Shares of BATS JMUB opened at $49.22 on Wednesday. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The firm has a 50-day simple moving average of $49.38 and a 200-day simple moving average of $50.03. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 9.96 and a beta of 0.22.

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.