Beta Wealth Group Inc. lowered its position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 71.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 29,843 shares of the company’s stock after selling 75,729 shares during the period. Beta Wealth Group Inc.’s holdings in JPMorgan Municipal ETF were worth $1,506,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new position in shares of JPMorgan Municipal ETF in the second quarter worth about $28,000. Briaud Financial Planning Inc acquired a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at about $48,000. Archer Investment Corp purchased a new position in JPMorgan Municipal ETF in the 3rd quarter worth approximately $58,000. Fifth Third Bancorp acquired a new position in shares of JPMorgan Municipal ETF during the 3rd quarter worth approximately $61,000. Finally, Cape Investment Advisory Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 698.2% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock worth $86,000 after purchasing an additional 1,522 shares during the last quarter.
JPMorgan Municipal ETF Stock Performance
BATS:JMUB opened at $51.05 on Tuesday. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.11. The stock has a market cap of $3.13 billion, a PE ratio of 9.96 and a beta of 0.21. The stock has a 50 day moving average price of $50.70 and a 200 day moving average price of $50.41.
JPMorgan Municipal ETF Cuts Dividend
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.
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