JPMorgan Municipal ETF $JMUB Stock Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its holdings in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 72.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,226 shares of the company’s stock after selling 473,101 shares during the period. Kestra Advisory Services LLC owned about 0.10% of JPMorgan Municipal ETF worth $8,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. HB Wealth Management LLC acquired a new stake in JPMorgan Municipal ETF during the second quarter valued at approximately $730,906,000. Meeder Advisory Services Inc. raised its stake in JPMorgan Municipal ETF by 32.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after acquiring an additional 1,044,894 shares in the last quarter. Cetera Investment Advisers raised its stake in JPMorgan Municipal ETF by 26.5% during the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after acquiring an additional 761,782 shares in the last quarter. Summit Financial Strategies Inc. grew its holdings in shares of JPMorgan Municipal ETF by 1,780.4% in the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after purchasing an additional 2,803,937 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of JPMorgan Municipal ETF by 24.0% during the 1st quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock worth $136,760,000 after purchasing an additional 529,795 shares in the last quarter.

JPMorgan Municipal ETF Stock Down 0.4%

NYSEARCA:JMUB opened at $49.29 on Wednesday. The firm has a market cap of $9.21 billion, a PE ratio of 9.96 and a beta of 0.24. The company’s 50-day moving average price is $48.42 and its two-hundred day moving average price is $49.87. JPMorgan Municipal ETF has a 12 month low of $47.20 and a 12 month 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.