WealthPlan Investment Management LLC trimmed its holdings in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 48.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,440 shares of the company’s stock after selling 10,753 shares during the quarter. WealthPlan Investment Management LLC’s holdings in JPMorgan Municipal ETF were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in JPMorgan Municipal ETF by 375.8% in the third quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock worth $53,560,000 after purchasing an additional 838,165 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Municipal ETF by 34.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock worth $161,951,000 after purchasing an additional 826,847 shares during the period. Ameriprise Financial Inc. lifted its position in JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after purchasing an additional 683,129 shares during the period. Bank of America Corp DE lifted its position in JPMorgan Municipal ETF by 152.3% in the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after purchasing an additional 665,100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in JPMorgan Municipal ETF by 33.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock worth $128,035,000 after purchasing an additional 641,736 shares during the period.
JPMorgan Municipal ETF Price Performance
Shares of JMUB stock opened at $49.96 on Monday. The stock has a market cap of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a one year low of $49.06 and a one year high of $51.34. The stock has a fifty day moving average price of $50.33 and a 200 day moving average price of $50.60.
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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