TIAA Trust National Association Lowers Stock Position in JPMorgan Municipal ETF $JMUB

TIAA Trust National Association lessened its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 40.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 577,817 shares of the company’s stock after selling 399,568 shares during the period. TIAA Trust National Association’s holdings in JPMorgan Municipal ETF were worth $29,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in JPMorgan Municipal ETF by 1,656.4% during the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after acquiring an additional 12,818,224 shares in the last quarter. LPL Financial LLC increased its stake in shares of JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of JPMorgan Municipal ETF by 29.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after purchasing an additional 950,852 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Municipal ETF by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock valued at $137,566,000 after purchasing an additional 176,736 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of JPMorgan Municipal ETF by 43.7% in the 3rd 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 in the last quarter.

JPMorgan Municipal ETF Stock Up 0.1%

Shares of JMUB opened at $50.45 on Wednesday. The stock has a market cap of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. The business’s 50 day moving average price is $50.28 and its 200-day moving average price is $50.54. JPMorgan Municipal ETF has a 52 week low of $49.06 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.