Renaissance Technologies LLC Has $1.43 Million Holdings in JPMorgan Municipal ETF $JMUB

Renaissance Technologies LLC trimmed its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 66.7% in the 1st quarter, Holdings Channel reports. The fund owned 28,600 shares of the company’s stock after selling 57,200 shares during the quarter. Renaissance Technologies LLC’s holdings in JPMorgan Municipal ETF were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of JMUB. Godsey & Gibb Inc. bought a new position in JPMorgan Municipal ETF during the fourth quarter worth $27,000. Brown Brothers Harriman & Co. bought a new stake in JPMorgan Municipal ETF in the 4th quarter valued at $34,000. Franklin Resources Inc. acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter worth $41,000. N.E.W. Advisory Services LLC acquired a new stake in JPMorgan Municipal ETF in the 4th quarter worth $44,000. Finally, SHP Wealth Management acquired a new stake in JPMorgan Municipal ETF in the 4th quarter worth $47,000.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $49.92 on Thursday. The firm’s 50-day moving average is $50.23 and its 200-day moving average is $50.41. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52-week low of $49.33 and a 52-week 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.