Smithbridge Asset Management Inc. DE Decreases Position in JPMorgan Municipal ETF $JMUB

Smithbridge Asset Management Inc. DE trimmed its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 29.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,776 shares of the company’s stock after selling 17,144 shares during the quarter. Smithbridge Asset Management Inc. DE owned about 0.07% of JPMorgan Municipal ETF worth $2,088,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JMUB. PW Advisors LLC FL raised its holdings in JPMorgan Municipal ETF by 10.1% during the first quarter. PW Advisors LLC FL now owns 297,350 shares of the company’s stock worth $14,865,000 after purchasing an additional 27,224 shares in the last quarter. Family Investment Center Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 10.3% in the 1st quarter. Family Investment Center Inc. now owns 12,903 shares of the company’s stock valued at $645,000 after buying an additional 1,200 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its holdings in shares of JPMorgan Municipal ETF by 96.0% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 56,671 shares of the company’s stock valued at $2,833,000 after buying an additional 27,762 shares in the last quarter. Private Wealth Management Group LLC grew its position in shares of JPMorgan Municipal ETF by 5.1% in the 1st quarter. Private Wealth Management Group LLC now owns 98,150 shares of the company’s stock valued at $4,907,000 after buying an additional 4,734 shares during the last quarter. Finally, Intrua Financial LLC grew its position in shares of JPMorgan Municipal ETF by 3.6% in the 1st quarter. Intrua Financial LLC now owns 71,665 shares of the company’s stock valued at $3,583,000 after buying an additional 2,469 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.52 on Thursday. The company’s fifty day moving average price is $50.36 and its 200 day moving average price is $50.53. JPMorgan Municipal ETF has a 12 month low of $49.06 and a 12 month high of $51.34. The firm has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.