JPMorgan Municipal ETF $JMUB Shares Sold by Lido Advisors LLC

Lido Advisors LLC lowered its position in JPMorgan Municipal ETF (BATS:JMUB) by 35.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,526 shares of the company’s stock after selling 127,877 shares during the quarter. Lido Advisors LLC owned approximately 0.37% of JPMorgan Municipal ETF worth $11,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TBH Global Asset Management LLC boosted its position in shares of JPMorgan Municipal ETF by 1,180.8% during the 4th quarter. TBH Global Asset Management LLC now owns 352,676 shares of the company’s stock worth $17,810,000 after acquiring an additional 325,140 shares in the last quarter. Founders Financial Securities LLC increased its stake in JPMorgan Municipal ETF by 19.3% in the first quarter. Founders Financial Securities LLC now owns 190,822 shares of the company’s stock valued at $9,612,000 after acquiring an additional 30,843 shares during the last quarter. Arbor Investment Advisors LLC acquired a new position in JPMorgan Municipal ETF during the fourth quarter valued at approximately $794,000. Daymark Wealth Partners LLC raised its position in JPMorgan Municipal ETF by 45.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock valued at $2,815,000 after purchasing an additional 17,404 shares in the last quarter. Finally, AllGen Financial Advisors Inc. lifted its stake in JPMorgan Municipal ETF by 8.3% during the fourth quarter. AllGen Financial Advisors Inc. now owns 250,340 shares of the company’s stock worth $12,642,000 after purchasing an additional 19,149 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $49.65 on Friday. The stock’s fifty day moving average price is $50.32 and its two-hundred day moving average price is $50.50. The company has a market cap of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a fifty-two week low of $49.10 and a fifty-two week high of $51.34.

About JPMorgan Municipal ETF

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.