Aspen Wealth Management LLC Sells 910,548 Shares of JPMorgan Municipal ETF $JMUB

Aspen Wealth Management LLC reduced its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 78.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,045 shares of the company’s stock after selling 910,548 shares during the quarter. JPMorgan Municipal ETF accounts for 1.9% of Aspen Wealth Management LLC’s portfolio, making the stock its 12th largest position. Aspen Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $11,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter valued at $730,906,000. Summit Financial Strategies Inc. grew its holdings in shares of JPMorgan Municipal ETF by 1,780.4% in the 2nd 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 last quarter. Capital Analysts LLC grew its holdings in shares of JPMorgan Municipal ETF by 856.3% in 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 during the last quarter. Kintra Wealth LLC grew its holdings in shares of JPMorgan Municipal ETF by 8,851.3% in the 2nd quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock worth $66,564,000 after purchasing an additional 1,417,177 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $62,723,000.

JPMorgan Municipal ETF Trading Down 0.1%

Shares of JPMorgan Municipal ETF stock traded down $0.04 during mid-day trading on Wednesday, reaching $47.84. 2,059,868 shares of the stock were exchanged, compared to its average volume of 1,336,796. 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 $8.60 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. The firm has a 50-day simple moving average of $48.80 and a 200 day simple moving average of $49.75.

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.