JPMorgan Municipal ETF $JMUB Stock: Tortoise Investment Management LLC Lowers Position

Tortoise Investment Management LLC reduced its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 37.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 412,280 shares of the company’s stock after selling 251,934 shares during the period. JPMorgan Municipal ETF comprises about 1.5% of Tortoise Investment Management LLC’s holdings, making the stock its 13th largest position. Tortoise Investment Management LLC owned approximately 0.22% of JPMorgan Municipal ETF worth $19,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Grp LLC lifted its holdings in shares of JPMorgan Municipal ETF by 572.0% during the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after buying an additional 532 shares during the last quarter. Legacy Wealth Managment LLC ID increased its holdings in 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 worth $64,000 after buying an additional 958 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in JPMorgan Municipal ETF during the second quarter valued at approximately $75,000. Parkside Financial Bank & Trust bought a new position in JPMorgan Municipal ETF during the second quarter valued at approximately $108,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in JPMorgan Municipal ETF during the first quarter valued at approximately $109,000.

JPMorgan Municipal ETF Stock Down 0.9%

NYSEARCA JMUB opened at $48.95 on Friday. The stock has a market capitalization of $9.15 billion, a PE ratio of 9.96 and a beta of 0.24. The company has a 50 day moving average price of $48.42 and a two-hundred day moving average price of $49.85. JPMorgan Municipal ETF has a 12-month low of $47.20 and a 12-month 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.