Lake Street Private Wealth LLC cut its position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) by 68.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,500 shares of the company’s stock after selling 13,912 shares during the period. Lake Street Private Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $309,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. JNBA Financial Advisors bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter valued at approximately $964,000. Elevated Financial Group LLC purchased a new position in shares of JPMorgan Municipal ETF in the third quarter valued at $3,766,000. Smallwood Wealth Investment Management LLC grew its holdings in shares of JPMorgan Municipal ETF by 316,606.2% in the second quarter. Smallwood Wealth Investment Management LLC now owns 50,673 shares of the company’s stock valued at $2,379,000 after purchasing an additional 50,657 shares in the last quarter. HB Wealth Management LLC bought a new stake in JPMorgan Municipal ETF in the second quarter worth $730,906,000. Finally, Guardian Wealth Advisors LLC NC bought a new stake in JPMorgan Municipal ETF in the second quarter worth $28,990,000.
JPMorgan Municipal ETF Stock Up 0.1%
JPMorgan Municipal ETF stock opened at $48.67 on Friday. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. The firm’s fifty day moving average is $48.55 and its 200 day moving average is $49.66. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week 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.
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