American Trust Sells 429,516 Shares of JPMorgan Municipal ETF $JMUB

American Trust reduced its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 89.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,723 shares of the company’s stock after selling 429,516 shares during the period. American Trust’s holdings in JPMorgan Municipal ETF were worth $2,461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of JMUB. Royal Bank of Canada increased its position in shares of JPMorgan Municipal ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after acquiring an additional 10,823 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of JPMorgan Municipal ETF by 37.4% in the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after buying an additional 2,927 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $1,950,000. Peapack Gladstone Financial Corp lifted its holdings in JPMorgan Municipal ETF by 317.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock worth $3,926,000 after purchasing an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in JPMorgan Municipal ETF during the 2nd quarter worth approximately $2,233,000.

JPMorgan Municipal ETF Trading Down 0.1%

BATS:JMUB opened at $50.35 on Thursday. The stock has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21. The stock has a 50 day simple moving average of $50.32 and a 200 day simple moving average of $50.53. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34.

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.