Newman Dignan & Sheerar Inc. Sells 240,715 Shares of JPMorgan Municipal ETF $JMUB

Newman Dignan & Sheerar Inc. reduced its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 67.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,520 shares of the company’s stock after selling 240,715 shares during the period. JPMorgan Municipal ETF accounts for about 1.1% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 24th largest holding. Newman Dignan & Sheerar Inc.’s holdings in JPMorgan Municipal ETF were worth $5,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $4,451,000. Prime Capital Investment Advisors LLC grew its holdings in shares of JPMorgan Municipal ETF by 12.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 127,213 shares of the company’s stock valued at $6,053,000 after acquiring an additional 13,809 shares in the last quarter. Commonwealth Financial Services LLC bought a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $347,000. Smithbridge Asset Management Inc. DE bought a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $2,533,000. Finally, Retirement Planning Group LLC acquired a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at about $8,950,000.

JPMorgan Municipal ETF Stock Performance

NYSEARCA:JMUB opened at $48.24 on Wednesday. The stock’s 50-day simple moving average is $48.63 and its 200 day simple moving average is $49.69. The company has a market cap of $8.72 billion, a P/E ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week high of $51.34.

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.