JPMorgan Municipal ETF $JMUB Stock: Saxony Capital Management LLC Reduces Stake

Saxony Capital Management LLC lessened its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 92.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,267 shares of the company’s stock after selling 66,785 shares during the quarter. Saxony Capital Management LLC’s holdings in JPMorgan Municipal ETF were worth $251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Grp LLC grew its position in shares of JPMorgan Municipal ETF by 572.0% in the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after purchasing an additional 532 shares during the last quarter. SHP Wealth Management acquired a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth about $47,000. Legacy Wealth Managment LLC ID lifted its position in shares of JPMorgan Municipal ETF by 302.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock worth $64,000 after purchasing an additional 958 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $75,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in JPMorgan Municipal ETF during the 1st quarter valued at approximately $109,000.

JPMorgan Municipal ETF Trading Up 0.0%

NYSEARCA:JMUB traded up $0.02 during mid-day trading on Friday, hitting $48.20. 3,917,695 shares of the company’s stock traded hands, compared to its average volume of 1,382,096. JPMorgan Municipal ETF has a 12 month low of $47.20 and a 12 month high of $51.34. The firm has a 50 day moving average of $48.70 and a two-hundred day moving average of $49.71. The firm has a market capitalization of $8.72 billion, a price-to-earnings 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.