Stone Summit Wealth LLC Trims Position in JPMorgan Municipal ETF $JMUB

Stone Summit Wealth LLC decreased its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 26.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,577 shares of the company’s stock after selling 2,400 shares during the quarter. Stone Summit Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in JPMorgan Municipal ETF in the 2nd quarter valued at about $2,376,000. ST Germain D J Co. Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at approximately $25,000. Perigon Wealth Management LLC lifted its holdings in JPMorgan Municipal ETF by 141.9% in the second quarter. Perigon Wealth Management LLC now owns 103,610 shares of the company’s stock valued at $5,143,000 after acquiring an additional 60,770 shares during the last quarter. FMA Wealth Management LLC lifted its holdings in JPMorgan Municipal ETF by 5.1% in the second quarter. FMA Wealth Management LLC now owns 68,652 shares of the company’s stock valued at $3,408,000 after acquiring an additional 3,351 shares during the last quarter. Finally, McAdam LLC purchased a new position in JPMorgan Municipal ETF in the second quarter worth approximately $1,969,000.

JPMorgan Municipal ETF Stock Up 1.2%

JMUB stock opened at $50.38 on Friday. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week high of $51.31. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a fifty day moving average of $49.71 and a two-hundred day moving average of $49.57.

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.