JPMorgan Municipal ETF $JMUB Stock: United Advisor Group LLC Cuts Stake

United Advisor Group LLC decreased its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 71.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,680 shares of the company’s stock after selling 101,378 shares during the quarter. United Advisor Group LLC’s holdings in JPMorgan Municipal ETF were worth $1,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JNBA Financial Advisors bought a new position in shares of JPMorgan Municipal ETF in the second quarter valued at about $964,000. Elevated Financial Group LLC acquired a new position in JPMorgan Municipal ETF during the 3rd quarter worth about $3,766,000. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in JPMorgan Municipal ETF during the 3rd quarter worth about $11,774,000. Smallwood Wealth Investment Management LLC grew its holdings in JPMorgan Municipal ETF by 316,606.2% during the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 50,673 shares of the company’s stock worth $2,379,000 after acquiring an additional 50,657 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in JPMorgan Municipal ETF during the 2nd quarter worth about $730,906,000.

JPMorgan Municipal ETF Stock Performance

JMUB traded up $0.05 during midday trading on Friday, hitting $49.40. The company had a trading volume of 2,375,915 shares, compared to its average volume of 1,526,031. The company has a market capitalization of $9.12 billion, a PE ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month high of $51.34. The firm’s 50-day simple moving average is $48.43 and its 200-day simple moving average is $49.88.

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.