NewEdge Advisors LLC reduced its position in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 44.6% in the first quarter, Holdings Channel reports. The firm owned 33,118 shares of the company’s stock after selling 26,714 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $1,656,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of JPMorgan Municipal ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after buying an additional 10,823 shares during the last quarter. AQR Capital Management LLC raised its holdings in JPMorgan Municipal ETF by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after acquiring an additional 2,927 shares during the last quarter. Cerity Partners LLC purchased a new position in JPMorgan Municipal ETF in the 2nd quarter worth approximately $1,950,000. Peapack Gladstone Financial Corp raised its holdings in JPMorgan Municipal ETF by 317.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock worth $3,926,000 after acquiring an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in JPMorgan Municipal ETF in the 2nd quarter valued at approximately $2,233,000.
JPMorgan Municipal ETF Trading Down 0.1%
JMUB stock opened at $49.74 on Friday. The stock’s 50 day simple moving average is $50.30 and its 200 day simple moving average is $50.46. JPMorgan Municipal ETF has a 12-month low of $49.28 and a 12-month high of $51.34. The stock has a market capitalization of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21.
JPMorgan Municipal ETF 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.
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