Ameritas Advisory Services LLC Has $1.95 Million Stock Holdings in JPMorgan Municipal ETF $JMUB

Ameritas Advisory Services LLC decreased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 68.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 39,340 shares of the company’s stock after selling 85,814 shares during the period. Ameritas Advisory Services LLC’s holdings in JPMorgan Municipal ETF were worth $1,953,000 at the end of the most recent reporting period.

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

JPMorgan Municipal ETF Trading Up 1.1%

Shares of BATS JMUB opened at $50.36 on Friday. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31. The company has a market cap of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. The company has a 50-day moving average of $49.83 and a two-hundred day moving average of $49.58.

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.