JPMorgan Municipal ETF $JMUB is TBH Global Asset Management LLC’s 3rd Largest Position

TBH Global Asset Management LLC reduced its position in JPMorgan Municipal ETF (BATS:JMUB) by 31.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 341,276 shares of the company’s stock after selling 153,686 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 2.0% of TBH Global Asset Management LLC’s holdings, making the stock its 3rd biggest holding. TBH Global Asset Management LLC owned approximately 0.56% of JPMorgan Municipal ETF worth $18,633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. ST Germain D J Co. Inc. bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new stake in JPMorgan Municipal ETF in the first quarter worth about $28,000. Abound Wealth Management purchased a new stake in JPMorgan Municipal ETF during the 2nd quarter worth approximately $78,000. Allworth Financial LP grew its holdings in shares of JPMorgan Municipal ETF by 91.2% during the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $144,000 after buying an additional 1,392 shares during the last quarter. Finally, Cranbrook Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the second quarter valued at about $147,000.

JPMorgan Municipal ETF Trading Up 1.2%

JMUB opened at $50.38 on Friday. The firm has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The firm has a 50 day moving average of $49.71 and a two-hundred day moving average of $49.57.

JPMorgan Municipal ETF 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.