Sequoia Financial Advisors LLC Sells 64,663 Shares of JPMorgan Municipal ETF $JMUB

Sequoia Financial Advisors LLC lessened its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 31.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,042 shares of the company’s stock after selling 64,663 shares during the quarter. Sequoia Financial Advisors LLC owned 0.08% of JPMorgan Municipal ETF worth $7,296,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cahill Financial Advisors Inc. lifted its holdings in shares of JPMorgan Municipal ETF by 5.4% during the second quarter. Cahill Financial Advisors Inc. now owns 141,866 shares of the company’s stock valued at $7,163,000 after acquiring an additional 7,243 shares during the period. M.E. Allison & CO. Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth about $236,000. Capital Analysts LLC increased its position in shares of JPMorgan Municipal ETF by 856.3% during the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock worth $90,546,000 after purchasing an additional 1,709,720 shares in the last quarter. Summit Financial Strategies Inc. lifted its holdings in JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock valued at $139,607,000 after purchasing an additional 2,803,937 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in JPMorgan Municipal ETF by 8.6% in the second quarter. Integrated Wealth Concepts LLC now owns 1,090,329 shares of the company’s stock valued at $55,025,000 after buying an additional 86,092 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.5%

Shares of JPMorgan Municipal ETF stock opened at $48.69 on Friday. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The firm’s 50-day moving average price is $49.75 and its two-hundred day moving average price is $50.18. JPMorgan Municipal ETF has a 1-year low of $48.41 and a 1-year high of $51.34.

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.