Assetmark Inc. cut its position in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 619,097 shares of the company’s stock after selling 9,965 shares during the quarter. Assetmark Inc. owned approximately 1.01% of JPMorgan Municipal ETF worth $30,949,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of JMUB. SteelPeak Wealth LLC purchased a new position in shares of JPMorgan Municipal ETF during the 1st quarter worth $1,968,000. Independent Financial Group LLC purchased a new stake in JPMorgan Municipal ETF in the 1st quarter valued at about $207,000. D.A. Davidson & CO. grew its holdings in JPMorgan Municipal ETF by 14.2% in the 1st quarter. D.A. Davidson & CO. now owns 7,610 shares of the company’s stock valued at $380,000 after buying an additional 944 shares during the period. Milestone Investment Advisors LLC increased its stake in shares of JPMorgan Municipal ETF by 2.8% during the 1st quarter. Milestone Investment Advisors LLC now owns 10,898 shares of the company’s stock valued at $545,000 after acquiring an additional 295 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of JPMorgan Municipal ETF by 13.5% during the 1st quarter. Sanctuary Advisors LLC now owns 37,861 shares of the company’s stock valued at $1,893,000 after acquiring an additional 4,515 shares during the last quarter.
JPMorgan Municipal ETF Price Performance
Shares of JMUB stock opened at $50.21 on Friday. The firm’s 50-day simple moving average is $50.34 and its 200-day simple moving average is $50.51. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34. The firm has a market cap of $3.08 billion, a P/E ratio of 9.96 and a beta of 0.21.
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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