Oak Hill Wealth Advisors LLC Trims Stake in JPMorgan Municipal ETF $JMUB

Oak Hill Wealth Advisors LLC trimmed its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 38.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,450 shares of the company’s stock after selling 4,092 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JMUB. Meeder Advisory Services Inc. purchased a new position in shares of JPMorgan Municipal ETF in the 1st quarter worth about $126,587,000. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Municipal ETF by 199.1% in the 1st quarter. Cetera Investment Advisers now owns 1,131,266 shares of the company’s stock worth $56,563,000 after purchasing an additional 753,069 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 114.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,116,436 shares of the company’s stock worth $55,825,000 after purchasing an additional 595,174 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Municipal ETF by 42.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock worth $94,037,000 after purchasing an additional 569,892 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of JPMorgan Municipal ETF by 4,492.1% in the 1st quarter. CWM LLC now owns 484,425 shares of the company’s stock worth $24,221,000 after purchasing an additional 473,876 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.1%

JMUB opened at $50.36 on Friday. The stock has a 50-day moving average price of $49.83 and a 200-day moving average price of $49.58. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The stock has a market capitalization of $3.09 billion, a P/E 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.