JPMorgan Municipal ETF $JMUB Stock Sold by Prentice Wealth Management LLC

Prentice Wealth Management LLC lessened its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 58.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,305 shares of the company’s stock after selling 25,296 shares during the quarter. Prentice Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. HB Wealth Management LLC purchased a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $730,906,000. Meeder Advisory Services Inc. increased its stake in JPMorgan Municipal ETF by 32.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after purchasing an additional 1,044,894 shares during the period. Cetera Investment Advisers increased its stake in JPMorgan Municipal ETF by 26.5% during the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after purchasing an additional 761,782 shares during the period. Summit Financial Strategies Inc. increased its stake in JPMorgan Municipal ETF by 1,780.4% during the second quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after purchasing an additional 2,803,937 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of JPMorgan Municipal ETF by 24.0% during the first quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock worth $136,760,000 after purchasing an additional 529,795 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB traded up $0.04 during mid-day trading on Tuesday, hitting $48.24. 1,356,711 shares of the company’s stock were exchanged, compared to its average volume of 1,393,481. The stock’s 50-day moving average is $48.67 and its 200-day moving average is $49.70. JPMorgan Municipal ETF has a fifty-two week low of $47.20 and a fifty-two week high of $51.34. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24.

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.