JPMorgan Municipal ETF $JMUB Stock Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC trimmed its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 72.2% in the third quarter, Holdings Channel.com reports. The firm owned 182,226 shares of the company’s stock after selling 473,101 shares during the period. Kestra Advisory Services LLC’s holdings in JPMorgan Municipal ETF were worth $8,670,000 at the end of the most recent quarter.

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

JPMorgan Municipal ETF Stock Down 0.4%

JPMorgan Municipal ETF stock opened at $49.29 on Wednesday. The company’s 50-day moving average price is $48.42 and its two-hundred day moving average price is $49.87. The stock has a market cap of $9.21 billion, a P/E ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month high of $51.34.

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.