Keudell Morrison Wealth Management Has $5 Million Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Keudell Morrison Wealth Management cut its position in JPMorgan Municipal ETF (BATS:JMUB) by 0.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 100,030 shares of the company’s stock after selling 851 shares during the quarter. JPMorgan Municipal ETF makes up approximately 1.2% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 16th largest holding. Keudell Morrison Wealth Management’s holdings in JPMorgan Municipal ETF were worth $5,002,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JMUB. 1620 Investment Advisors Inc. acquired a new stake in JPMorgan Municipal ETF in the 4th quarter worth $44,000. Mascagni Wealth Management Inc. acquired a new stake in JPMorgan Municipal ETF in the 4th quarter worth $52,000. Allworth Financial LP acquired a new stake in JPMorgan Municipal ETF in the 4th quarter worth $77,000. WealthTrak Capital Management LLC acquired a new stake in JPMorgan Municipal ETF in the 4th quarter worth $124,000. Finally, Hollencrest Capital Management acquired a new stake in JPMorgan Municipal ETF in the 4th quarter worth $138,000.

JPMorgan Municipal ETF Price Performance

BATS JMUB opened at $49.54 on Tuesday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company’s fifty day moving average is $49.37 and its two-hundred day moving average is $49.90. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week high of $51.31.

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.