Washington Trust Bank Lowers Position in JPMorgan Municipal ETF $JMUB

Washington Trust Bank lowered its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,896 shares of the company’s stock after selling 25,566 shares during the period. Washington Trust Bank owned approximately 0.18% of JPMorgan Municipal ETF worth $5,701,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of JPMorgan Municipal ETF by 34.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock valued at $161,951,000 after purchasing an additional 826,847 shares during the last quarter. Meeder Advisory Services Inc. increased its position in shares of JPMorgan Municipal ETF by 7.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock valued at $148,393,000 after purchasing an additional 214,112 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of JPMorgan Municipal ETF by 7.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock valued at $137,566,000 after purchasing an additional 176,736 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of JPMorgan Municipal ETF by 43.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after purchasing an additional 683,129 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of JPMorgan Municipal ETF by 16.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after purchasing an additional 243,751 shares during the last quarter.

JPMorgan Municipal ETF Trading Down 0.1%

Shares of JPMorgan Municipal ETF stock opened at $50.35 on Tuesday. The business’s 50-day moving average price is $50.39 and its 200-day moving average price is $50.61. JPMorgan Municipal ETF has a 12 month low of $49.06 and a 12 month high of $51.34. The firm has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21.

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.