WealthPlan Investment Management LLC reduced its stake in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 48.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,440 shares of the company’s stock after selling 10,753 shares during the quarter. WealthPlan Investment Management LLC’s holdings in JPMorgan Municipal ETF were worth $578,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Stephens Inc. AR acquired a new position in JPMorgan Municipal ETF during the fourth quarter worth $246,000. Cauble & Harre Wealth Management Inc. acquired a new position in JPMorgan Municipal ETF during the fourth quarter worth $1,206,000. Blue Water Asset Management acquired a new position in JPMorgan Municipal ETF during the fourth quarter worth $466,000. Thrivent Financial for Lutherans raised its stake in JPMorgan Municipal ETF by 2.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 148,104 shares of the company’s stock worth $7,499,000 after acquiring an additional 3,097 shares in the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in JPMorgan Municipal ETF by 7.9% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,251,400 shares of the company’s stock worth $63,196,000 after acquiring an additional 91,216 shares in the last quarter.
JPMorgan Municipal ETF Price Performance
JPMorgan Municipal ETF stock opened at $49.96 on Monday. The stock has a fifty day moving average price of $50.33 and a two-hundred day moving average price of $50.60. JPMorgan Municipal ETF has a 52-week low of $49.06 and a 52-week high of $51.34. The firm has a market capitalization of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21.
JPMorgan Municipal ETF Company 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.
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