JPMorgan Municipal ETF $JMUB Stock: Moss Adams Wealth Advisors LLC Trims Holdings

Moss Adams Wealth Advisors LLC reduced its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 95.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,624 shares of the company’s stock after selling 2,851,054 shares during the quarter. JPMorgan Municipal ETF comprises about 0.4% of Moss Adams Wealth Advisors LLC’s portfolio, making the stock its 21st biggest position. Moss Adams Wealth Advisors LLC owned 0.08% of JPMorgan Municipal ETF worth $6,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter worth approximately $730,906,000. Summit Financial Strategies Inc. grew its stake in JPMorgan Municipal ETF by 1,780.4% in the second quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock valued at $139,607,000 after acquiring an additional 2,803,937 shares during the period. Capital Analysts LLC increased its stake 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 purchasing an additional 1,709,720 shares in the last quarter. Kintra Wealth LLC increased its position in shares of JPMorgan Municipal ETF by 8,851.3% during the second quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock worth $66,564,000 after acquiring an additional 1,417,177 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC bought a new position in JPMorgan Municipal ETF during the 3rd quarter worth about $62,723,000.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $49.09 on Friday. The business’s 50 day simple moving average is $48.48 and its 200 day simple moving average is $49.92. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week high of $51.34. The firm has a market cap of $8.99 billion, a PE ratio of 9.96 and a beta of 0.24.

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.