First Horizon Advisors Inc. Trims Stake in JPMorgan Municipal ETF (BATS:JMUB)

First Horizon Advisors Inc. reduced its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,966 shares of the company’s stock after selling 3,754 shares during the quarter. First Horizon Advisors Inc.’s holdings in JPMorgan Municipal ETF were worth $2,598,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $63,229,000. TIAA Trust National Association acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at $34,248,000. HighTower Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 147.4% in the fourth quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock worth $50,136,000 after purchasing an additional 595,710 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in JPMorgan Municipal ETF during the 4th quarter valued at approximately $29,718,000. Finally, TBH Global Asset Management LLC increased its stake in shares of JPMorgan Municipal ETF by 432.8% in the first quarter. TBH Global Asset Management LLC now owns 494,962 shares of the company’s stock worth $26,362,000 after acquiring an additional 402,072 shares during the period.

JPMorgan Municipal ETF Price Performance

BATS JMUB opened at $49.52 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The company has a market capitalization of $2.96 billion, a PE ratio of 9.96 and a beta of 0.21. The company has a fifty day moving average of $49.44 and a 200 day moving average of $49.83.

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.