JPMorgan Municipal ETF $JMUB Stake Trimmed by Fifth Third Securities Inc.

Fifth Third Securities Inc. lessened its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 81.6% during the third quarter, HoldingsChannel reports. The firm owned 14,096 shares of the company’s stock after selling 62,572 shares during the quarter. Fifth Third Securities Inc.’s holdings in JPMorgan Municipal ETF were worth $671,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JMUB. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth $730,906,000. Summit Financial Strategies Inc. lifted its position in shares of JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after buying an additional 2,803,937 shares during the last quarter. Capital Analysts LLC lifted its position in shares of JPMorgan Municipal ETF by 856.3% during the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock worth $90,546,000 after buying an additional 1,709,720 shares during the last quarter. Kintra Wealth LLC lifted its position in shares of JPMorgan Municipal ETF by 8,851.3% during the 2nd quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock worth $66,564,000 after buying an additional 1,417,177 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC acquired a new stake in JPMorgan Municipal ETF in the third quarter valued at about $62,723,000.

JPMorgan Municipal ETF Stock Up 0.8%

NYSEARCA:JMUB opened at $48.63 on Friday. The stock’s 50-day simple moving average is $48.57 and its 200 day simple moving average is $49.66. The firm has a market capitalization of $8.79 billion, a PE ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month high of $51.34.

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.