2,785,571 JPMorgan Municipal ETF $JMUB Shares Sold by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. cut its holdings in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 94.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 175,855 shares of the company’s stock after selling 2,785,571 shares during the period. JPMorgan Municipal ETF accounts for 0.6% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 22nd largest holding. Summit Financial Strategies Inc.’s holdings in JPMorgan Municipal ETF were worth $8,367,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF in the third quarter worth $11,774,000. Navigate Wealth Management LLC increased its position in shares of JPMorgan Municipal ETF by 7.1% during the third quarter. Navigate Wealth Management LLC now owns 4,470 shares of the company’s stock worth $213,000 after acquiring an additional 296 shares during the period. Roberts Wealth Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 21.4% in the third quarter. Roberts Wealth Advisors LLC now owns 6,542 shares of the company’s stock valued at $311,000 after acquiring an additional 1,153 shares in the last quarter. Shotwell Rutter Baer Inc raised its stake in shares of JPMorgan Municipal ETF by 3.0% in the third quarter. Shotwell Rutter Baer Inc now owns 104,220 shares of the company’s stock valued at $4,959,000 after acquiring an additional 3,069 shares in the last quarter. Finally, Signal Advisors Wealth LLC acquired a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at $276,000.

JPMorgan Municipal ETF Trading Down 0.1%

NYSEARCA:JMUB opened at $47.81 on Thursday. The firm has a market cap of $8.59 billion, a PE ratio of 9.96 and a beta of 0.24. The stock has a fifty day moving average price of $48.76 and a 200 day moving average price of $49.74. JPMorgan Municipal ETF has a 12-month low of $47.20 and a 12-month high of $51.34.

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.