JPMorgan Municipal ETF $JMUB Shares Sold by ABLE Financial Group LLC

ABLE Financial Group LLC decreased its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 11.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 514,347 shares of the company’s stock after selling 68,203 shares during the quarter. JPMorgan Municipal ETF accounts for about 3.8% of ABLE Financial Group LLC’s portfolio, making the stock its 4th largest holding. ABLE Financial Group LLC owned approximately 0.29% of JPMorgan Municipal ETF worth $24,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Grp LLC increased its holdings in shares of JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 532 shares during the period. SHP Wealth Management bought a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $47,000. Legacy Wealth Managment LLC ID boosted its stake in shares of JPMorgan Municipal ETF by 302.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock valued at $64,000 after buying an additional 958 shares during the period. Brown Lisle Cummings Inc. bought a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $75,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in JPMorgan Municipal ETF during the first quarter worth approximately $109,000.

JPMorgan Municipal ETF Price Performance

NYSEARCA:JMUB traded down $0.04 during trading hours on Wednesday, reaching $47.84. 2,059,868 shares of the company were exchanged, compared to its average volume of 1,336,796. The business has a 50 day moving average of $48.80 and a 200 day moving average of $49.75. JPMorgan Municipal ETF has a 1-year low of $47.20 and a 1-year high of $51.34. The company has a market capitalization of $8.60 billion, a P/E ratio of 9.96 and a beta of 0.24.

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.