52,251 JPMorgan Municipal ETF $JMUB Shares Sold by IFP Advisors Inc

IFP Advisors Inc decreased its position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 62.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,871 shares of the company’s stock after selling 52,251 shares during the period. IFP Advisors Inc’s holdings in JPMorgan Municipal ETF were worth $1,516,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at about $730,906,000. Meeder Advisory Services Inc. increased its position in shares of 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 acquiring an additional 1,044,894 shares during the last quarter. Cetera Investment Advisers increased its position in shares of 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 acquiring an additional 761,782 shares during the last quarter. Summit Financial Strategies Inc. increased its position in shares of 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 acquiring an additional 2,803,937 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of JPMorgan Municipal ETF by 24.0% in the first quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock worth $136,760,000 after acquiring an additional 529,795 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

NYSEARCA:JMUB opened at $48.25 on Thursday. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a one year low of $47.20 and a one year high of $51.34. The business’s 50-day simple moving average is $48.60 and its 200 day simple moving average is $49.67.

JPMorgan Municipal ETF Company 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.