JPMorgan Municipal ETF $JMUB Stake Decreased by Nolet Wealth Management LLC

Nolet Wealth Management LLC reduced its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 4.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 468,963 shares of the company’s stock after selling 21,493 shares during the period. JPMorgan Municipal ETF makes up 13.3% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Nolet Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $23,443,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after acquiring an additional 12,818,224 shares during the last quarter. LPL Financial LLC lifted its stake in JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after purchasing an additional 1,702,513 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan Municipal ETF by 29.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after purchasing an additional 950,852 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 9.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,217,485 shares of the company’s stock worth $162,483,000 after purchasing an additional 277,270 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of JPMorgan Municipal ETF by 18.1% during the 4th quarter. Cetera Investment Advisers now owns 2,873,662 shares of the company’s stock valued at $145,120,000 after purchasing an additional 439,697 shares during the last quarter.

JPMorgan Municipal ETF Trading Down 0.1%

Shares of BATS JMUB opened at $50.28 on Thursday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34. The stock’s 50-day moving average is $50.35 and its 200 day moving average is $50.52.

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.