JPMorgan Municipal ETF $JMUB Holdings Cut by NewEdge Wealth LLC

NewEdge Wealth LLC reduced its stake in JPMorgan Municipal ETF (BATS:JMUB) by 12.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,854 shares of the company’s stock after selling 11,940 shares during the period. NewEdge Wealth LLC owned 0.14% of JPMorgan Municipal ETF worth $4,392,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after purchasing an additional 12,818,224 shares during the period. LPL Financial LLC lifted its holdings in shares of JPMorgan Municipal ETF by 44.5% in the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after purchasing an additional 1,702,513 shares during the last quarter. Meeder Advisory Services Inc. boosted its position in JPMorgan Municipal ETF by 32.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after purchasing an additional 1,044,894 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Municipal ETF by 29.6% during the 4th 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 during the period. Finally, Cetera Investment Advisers grew its stake in JPMorgan Municipal ETF by 18.1% during the 4th quarter. Cetera Investment Advisers now owns 2,873,662 shares of the company’s stock worth $145,120,000 after buying an additional 439,697 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JMUB opened at $49.73 on Friday. JPMorgan Municipal ETF has a 12 month low of $49.17 and a 12 month high of $51.34. The stock has a fifty day moving average price of $50.31 and a 200 day moving average price of $50.49. The company has a market cap of $3.05 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.