HighTower Advisors LLC Sells 31,026 Shares of JPMorgan Municipal ETF $JMUB

HighTower Advisors LLC trimmed its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 809,819 shares of the company’s stock after selling 31,026 shares during the period. HighTower Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $40,896,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TBH Global Asset Management LLC raised its stake in JPMorgan Municipal ETF by 1,180.8% in the 4th quarter. TBH Global Asset Management LLC now owns 352,676 shares of the company’s stock valued at $17,810,000 after acquiring an additional 325,140 shares during the period. Aspen Wealth Management LLC raised its stake in JPMorgan Municipal ETF by 10.9% in the 4th quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock valued at $17,974,000 after acquiring an additional 34,931 shares during the period. Breakwater Capital Group raised its stake in JPMorgan Municipal ETF by 29.7% in the 4th quarter. Breakwater Capital Group now owns 54,295 shares of the company’s stock valued at $2,742,000 after acquiring an additional 12,428 shares during the period. Cyndeo Wealth Partners LLC bought a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $1,929,000. Finally, Daymark Wealth Partners LLC raised its stake in JPMorgan Municipal ETF by 45.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock valued at $2,815,000 after acquiring an additional 17,404 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $49.95 on Friday. JPMorgan Municipal ETF has a 52-week low of $49.06 and a 52-week high of $51.34. The stock’s 50-day simple moving average is $50.26 and its 200 day simple moving average is $50.58. The stock has a market capitalization of $3.06 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.