673,004 JPMorgan Municipal ETF $JMUB Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC reduced its holdings in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 72.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,442 shares of the company’s stock after selling 673,004 shares during the quarter. Verus Capital Partners LLC owned approximately 0.14% of JPMorgan Municipal ETF worth $11,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Grp LLC boosted its holdings in JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 532 shares during the last quarter. Legacy Wealth Managment LLC ID grew its position in JPMorgan Municipal ETF by 302.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock valued at $64,000 after purchasing an additional 958 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in JPMorgan Municipal ETF in the second quarter valued at $75,000. Parkside Financial Bank & Trust acquired a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at $108,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in JPMorgan Municipal ETF in the 1st quarter valued at $109,000.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of JMUB stock opened at $49.40 on Friday. The firm’s fifty day moving average price is $48.43 and its two-hundred day moving average price is $49.88. JPMorgan Municipal ETF has a 1 year low of $47.20 and a 1 year high of $51.34. The firm has a market capitalization of $9.12 billion, a P/E 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.