JPMorgan Municipal ETF $JMUB Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its position in JPMorgan Municipal ETF (BATS:JMUB) by 8.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 81,398 shares of the company’s stock after selling 7,697 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $4,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in JPMorgan Municipal ETF by 7.1% in the 1st quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock valued at $142,399,000 after purchasing an additional 188,645 shares during the last quarter. Meeder Advisory Services Inc. acquired a new position in JPMorgan Municipal ETF in the 1st quarter valued at about $126,587,000. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Municipal ETF by 9.5% in 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 during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in JPMorgan Municipal ETF by 42.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after purchasing an additional 569,892 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in JPMorgan Municipal ETF by 20.5% in the 1st quarter. Raymond James Financial Inc. now owns 1,519,479 shares of the company’s stock valued at $75,974,000 after purchasing an additional 258,686 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.55 on Wednesday. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company’s 50-day moving average is $49.99 and its two-hundred day moving average is $49.59. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year 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.