Swmg LLC Sells 738 Shares of JPMorgan Municipal ETF $JMUB

Swmg LLC reduced its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,291 shares of the company’s stock after selling 738 shares during the quarter. Swmg LLC’s holdings in JPMorgan Municipal ETF were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of JPMorgan Municipal ETF by 7.1% during the 1st quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock valued at $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 first quarter valued at approximately $126,587,000. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Municipal ETF by 9.5% during the first 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 period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 worth $94,037,000 after purchasing an additional 569,892 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of JPMorgan Municipal ETF by 20.5% during 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 Stock Performance

BATS:JMUB opened at $50.72 on Friday. The stock’s fifty day moving average is $50.07 and its 200 day moving average is $49.61. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.31. The firm has a market capitalization of $3.11 billion, a PE ratio of 9.96 and a beta of 0.21.

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.