JPMorgan Municipal ETF $JMUB Stock Holdings Lessened by 21 West Wealth Management LLC

21 West Wealth Management LLC trimmed its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 97.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,450 shares of the company’s stock after selling 155,181 shares during the quarter. 21 West Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. HB Wealth Management LLC bought a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $730,906,000. Meeder Advisory Services Inc. grew its stake in JPMorgan Municipal ETF by 32.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after buying an additional 1,044,894 shares during the last quarter. Cetera Investment Advisers grew its stake in JPMorgan Municipal ETF by 26.5% during the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after buying an additional 761,782 shares during the last quarter. Summit Financial Strategies Inc. grew its stake in JPMorgan Municipal ETF by 1,780.4% during the second quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after buying an additional 2,803,937 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of JPMorgan Municipal ETF by 24.0% during the first quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock worth $136,760,000 after buying an additional 529,795 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of NYSEARCA JMUB traded up $0.23 during mid-day trading on Tuesday, hitting $47.88. 5,887,294 shares of the stock were exchanged, compared to its average volume of 1,333,953. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month high of $51.34. The stock’s fifty day simple moving average is $48.80 and its two-hundred day simple moving average is $49.75. The company has a market cap of $8.40 billion, a P/E ratio of 9.96 and a beta of 0.24.

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.