USAdvisors Wealth Management LLC Sells 413 Shares of JPMorgan Municipal ETF $JMUB

USAdvisors Wealth Management LLC reduced its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,524 shares of the company’s stock after selling 413 shares during the quarter. USAdvisors Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $671,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of JPMorgan Municipal ETF during the first quarter valued at approximately $28,000. Abound Wealth Management bought a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at approximately $78,000. Ameriflex Group Inc. increased its holdings in shares of JPMorgan Municipal ETF by 360.0% during the second quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock valued at $114,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of JPMorgan Municipal ETF by 91.2% during the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $144,000 after acquiring an additional 1,392 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.1%

BATS JMUB opened at $50.36 on Friday. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The business has a 50 day moving average price of $49.83 and a 200-day moving average price of $49.57.

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.