JPMorgan Municipal ETF $JMUB Stock Sold by Whitegate Investment Counselors Inc.

Whitegate Investment Counselors Inc. lessened its stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 83.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,124 shares of the company’s stock after selling 211,061 shares during the quarter. Whitegate Investment Counselors Inc.’s holdings in JPMorgan Municipal ETF were worth $2,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Grp LLC lifted 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 valued at $31,000 after purchasing an additional 532 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of 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 during the period. Brown Lisle Cummings Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the second quarter worth about $75,000. Parkside Financial Bank & Trust purchased a new stake in shares of JPMorgan Municipal ETF during the second quarter worth about $108,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of JPMorgan Municipal ETF during the first quarter worth about $109,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB traded up $0.05 during mid-day trading on Friday, hitting $49.40. 2,375,915 shares of the company were exchanged, compared to its average volume of 1,526,031. JPMorgan Municipal ETF has a 1-year low of $47.20 and a 1-year high of $51.34. The company has a 50 day moving average of $48.43 and a 200-day moving average of $49.88. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24.

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.