JPMorgan Municipal ETF $JMUB Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 9.8% in the first quarter, Holdings Channel reports. The institutional investor owned 165,888 shares of the company’s stock after selling 18,049 shares during the quarter. Royal Bank of Canada’s holdings in JPMorgan Municipal ETF were worth $8,293,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Godsey & Gibb Inc. acquired a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. acquired a new stake in JPMorgan Municipal ETF in the 4th quarter valued at $34,000. Franklin Resources Inc. purchased a new stake in JPMorgan Municipal ETF in the 3rd quarter worth $41,000. N.E.W. Advisory Services LLC purchased a new stake in JPMorgan Municipal ETF in the 4th quarter worth $44,000. Finally, SHP Wealth Management acquired a new position in JPMorgan Municipal ETF during the fourth quarter worth $47,000.

JPMorgan Municipal ETF Stock Down 0.2%

JMUB opened at $49.81 on Tuesday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52-week low of $49.33 and a 52-week high of $51.34. The firm’s fifty day simple moving average is $50.25 and its two-hundred day simple moving average is $50.42.

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.