Lake Street Private Wealth LLC Sells 13,912 Shares of JPMorgan Municipal ETF $JMUB

Lake Street Private Wealth LLC reduced its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 68.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,500 shares of the company’s stock after selling 13,912 shares during the period. Lake Street Private Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JMUB. NBT Bank N.A. purchased a new position in shares of JPMorgan Municipal ETF in the 3rd quarter worth approximately $5,725,000. Marion Wealth Management increased its position in shares of JPMorgan Municipal ETF by 22.4% during the 3rd quarter. Marion Wealth Management now owns 37,367 shares of the company’s stock valued at $1,778,000 after purchasing an additional 6,846 shares during the last quarter. Obermeyer Wealth Partners purchased a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $4,625,000. Hartford Financial Management Inc. purchased a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $11,468,000. Finally, Axxcess Wealth Management LLC raised its holdings in JPMorgan Municipal ETF by 13.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 157,651 shares of the company’s stock valued at $7,501,000 after buying an additional 18,330 shares during the period.

JPMorgan Municipal ETF Stock Up 0.1%

Shares of JMUB opened at $48.67 on Friday. The company has a market cap of $8.81 billion, a PE ratio of 9.96 and a beta of 0.24. The business has a fifty day moving average of $48.55 and a 200 day moving average of $49.66. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week 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.