Commonwealth Financial Services LLC Trims Holdings in JPMorgan Municipal ETF $JMUB

Commonwealth Financial Services LLC decreased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 5.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,873 shares of the company’s stock after selling 763 shares during the quarter. Commonwealth Financial Services LLC’s holdings in JPMorgan Municipal ETF were worth $689,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in JPMorgan Municipal ETF by 7.1% during the first quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock worth $142,399,000 after buying an additional 188,645 shares in the last quarter. Meeder Advisory Services Inc. purchased a new position in JPMorgan Municipal ETF during the first quarter worth approximately $126,587,000. Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Municipal ETF by 9.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,199,520 shares of the company’s stock worth $109,976,000 after buying an additional 190,891 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in JPMorgan Municipal ETF by 42.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock worth $94,037,000 after buying an additional 569,892 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in JPMorgan Municipal ETF by 20.5% during the first quarter. Raymond James Financial Inc. now owns 1,519,479 shares of the company’s stock worth $75,974,000 after buying an additional 258,686 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.4%

BATS:JMUB opened at $50.50 on Friday. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The company has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. The stock’s fifty day moving average is $49.94 and its two-hundred day moving average is $49.58.

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.