Johnson Bixby & Associates LLC Sells 11,870 Shares of JPMorgan Municipal ETF $JMUB

Johnson Bixby & Associates LLC cut its stake in JPMorgan Municipal ETF (BATS:JMUB) by 60.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,912 shares of the company’s stock after selling 11,870 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in JPMorgan Municipal ETF were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JMUB. JPMorgan Chase & Co. lifted its stake 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 last quarter. LPL Financial LLC grew its stake in JPMorgan Municipal ETF by 44.5% in the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan Municipal ETF by 29.6% in the fourth 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 last quarter. Captrust Financial Advisors raised its holdings in JPMorgan Municipal ETF by 375.8% in the third quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock worth $53,560,000 after purchasing an additional 838,165 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after purchasing an additional 683,129 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.48 on Monday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm has a 50-day simple moving average of $50.33 and a two-hundred day simple moving average of $50.53. JPMorgan Municipal ETF has a one year low of $49.06 and a one year 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.