Hughes Financial Services LLC decreased its position in JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) by 99.7% during the third quarter, Holdings Channel reports. The firm owned 5,756 shares of the company’s stock after selling 1,712,037 shares during the quarter. Hughes Financial Services LLC’s holdings in JPMorgan Municipal ETF were worth $282,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new position in JPMorgan Municipal ETF during the second quarter worth $730,906,000. Summit Financial Strategies Inc. grew its stake in shares of JPMorgan Municipal ETF by 1,780.4% in the second quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock valued at $139,607,000 after buying an additional 2,803,937 shares in the last quarter. Capital Analysts LLC grew its stake in shares of JPMorgan Municipal ETF by 856.3% in the second quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock valued at $90,546,000 after buying an additional 1,709,720 shares in the last quarter. Kintra Wealth LLC grew its stake in shares of JPMorgan Municipal ETF by 8,851.3% in the second quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock valued at $66,564,000 after buying an additional 1,417,177 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at $62,723,000.
JPMorgan Municipal ETF Trading Up 0.0%
JMUB stock opened at $48.95 on Wednesday. The business’s fifty day moving average price is $48.45 and its 200 day moving average price is $49.90. JPMorgan Municipal ETF has a 12-month low of $47.20 and a 12-month high of $51.34. The company has a market capitalization of $9.01 billion, a PE ratio of 9.96 and a beta of 0.24.
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.
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Want to see what other hedge funds are holding JMUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report).
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