JPMorgan Municipal ETF $JMUB Stock Sold by Magnus Financial Group LLC

Magnus Financial Group LLC lowered its position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 61.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,495 shares of the company’s stock after selling 500,555 shares during the quarter. JPMorgan Municipal ETF accounts for 1.0% of Magnus Financial Group LLC’s holdings, making the stock its 23rd biggest position. Magnus Financial Group LLC’s holdings in JPMorgan Municipal ETF were worth $15,249,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JMUB. HB Wealth Management LLC acquired a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at $730,906,000. Summit Financial Strategies Inc. lifted its position in JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after buying an additional 2,803,937 shares in the last quarter. Capital Analysts LLC lifted its position in JPMorgan Municipal ETF by 856.3% during the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock worth $90,546,000 after buying an additional 1,709,720 shares in the last quarter. Kintra Wealth LLC boosted its stake in shares of JPMorgan Municipal ETF by 8,851.3% during the 2nd quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock worth $66,564,000 after buying an additional 1,417,177 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $62,723,000.

JPMorgan Municipal ETF Price Performance

Shares of NYSEARCA JMUB opened at $48.25 on Thursday. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. The business has a 50-day moving average of $48.60 and a 200-day moving average of $49.67. JPMorgan Municipal ETF has a fifty-two week low of $47.20 and a fifty-two week high of $51.34.

JPMorgan Municipal ETF Company 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.