JPMorgan Municipal ETF $JMUB Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,888 shares of the company’s stock after selling 18,049 shares during the quarter. Royal Bank of Canada owned 0.27% of JPMorgan Municipal ETF worth $8,293,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Godsey & Gibb Inc. acquired a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at $34,000. Franklin Resources Inc. acquired a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at $41,000. N.E.W. Advisory Services LLC acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at $44,000. Finally, SHP Wealth Management purchased a new stake in JPMorgan Municipal ETF during the fourth quarter worth $47,000.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $49.81 on Tuesday. The firm has a market cap of $3.06 billion, a PE ratio of 9.96 and a beta of 0.21. The firm’s fifty day moving average is $50.25 and its 200 day moving average is $50.42. JPMorgan Municipal ETF has a one year low of $49.33 and a one year high of $51.34.

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.