Hill Island Financial LLC Sells 273 Shares of JPMorgan Municipal ETF $JMUB

Hill Island Financial LLC lessened its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,746 shares of the company’s stock after selling 273 shares during the period. Hill Island Financial LLC’s holdings in JPMorgan Municipal ETF were worth $484,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of JPMorgan Municipal ETF by 7.1% in the first quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock worth $142,399,000 after acquiring an additional 188,645 shares during the last quarter. Meeder Advisory Services Inc. purchased a new stake in JPMorgan Municipal ETF during the 1st quarter valued at about $126,587,000. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan Municipal ETF by 9.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,199,520 shares of the company’s stock valued at $109,976,000 after purchasing an additional 190,891 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in JPMorgan Municipal ETF by 42.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock worth $94,037,000 after buying an additional 569,892 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of JPMorgan Municipal ETF by 20.5% in the first quarter. Raymond James Financial Inc. now owns 1,519,479 shares of the company’s stock worth $75,974,000 after buying an additional 258,686 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.1%

BATS:JMUB opened at $50.36 on Friday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company’s 50 day moving average price is $49.83 and its 200-day moving average price is $49.57. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31.

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.