Asio Capital LLC Sells 69,614 Shares of JPMorgan Municipal ETF $JMUB

Asio Capital LLC lowered its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 12.3% during the second quarter, Holdings Channel.com reports. The firm owned 494,921 shares of the company’s stock after selling 69,614 shares during the quarter. JPMorgan Municipal ETF accounts for 4.1% of Asio Capital LLC’s portfolio, making the stock its 3rd biggest holding. Asio Capital LLC’s holdings in JPMorgan Municipal ETF were worth $24,568,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new position in JPMorgan Municipal ETF during the 2nd quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of JPMorgan Municipal ETF in the first quarter valued at about $28,000. Abound Wealth Management bought a new position in JPMorgan Municipal ETF during the second quarter worth about $78,000. Allworth Financial LP raised its stake in JPMorgan Municipal ETF by 91.2% in the 1st quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock worth $144,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Cranbrook Wealth Management LLC bought a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at about $147,000.

JPMorgan Municipal ETF Stock Up 1.3%

Shares of BATS:JMUB opened at $50.44 on Tuesday. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The company’s 50 day moving average price is $49.74 and its two-hundred day moving average price is $49.56. The firm has a market cap of $3.09 billion, a PE 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.