HighTower Advisors LLC Has $40.90 Million Position in JPMorgan Municipal ETF $JMUB

HighTower Advisors LLC lowered its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 809,819 shares of the company’s stock after selling 31,026 shares during the quarter. HighTower Advisors LLC owned about 1.32% of JPMorgan Municipal ETF worth $40,896,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Godsey & Gibb Inc. bought a new position in JPMorgan Municipal ETF during the 4th quarter valued at $27,000. Goodman Advisory Group LLC bought a new position in JPMorgan Municipal ETF during the 3rd quarter valued at $37,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF during the 3rd quarter valued at $41,000. N.E.W. Advisory Services LLC bought a new position in JPMorgan Municipal ETF during the 4th quarter valued at $44,000. Finally, Archer Investment Corp bought a new position in JPMorgan Municipal ETF during the 3rd quarter valued at $58,000.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of BATS:JMUB opened at $49.95 on Friday. The stock’s fifty day simple moving average is $50.26 and its two-hundred day simple moving average is $50.58. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34. The stock has a market cap of $3.06 billion, a PE ratio of 9.96 and a beta of 0.21.

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.