Lido Advisors LLC Sells 127,877 Shares of JPMorgan Municipal ETF $JMUB

Lido Advisors LLC reduced its stake in JPMorgan Municipal ETF (BATS:JMUB) by 35.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,526 shares of the company’s stock after selling 127,877 shares during the period. Lido Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $11,475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. TBH Global Asset Management LLC grew its stake in shares of JPMorgan Municipal ETF by 1,180.8% during the fourth quarter. TBH Global Asset Management LLC now owns 352,676 shares of the company’s stock valued at $17,810,000 after buying an additional 325,140 shares during the last quarter. Founders Financial Securities LLC raised its holdings in shares of JPMorgan Municipal ETF by 19.3% in the first quarter. Founders Financial Securities LLC now owns 190,822 shares of the company’s stock worth $9,612,000 after buying an additional 30,843 shares during the period. Arbor Investment Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth approximately $794,000. Daymark Wealth Partners LLC lifted its stake in shares of JPMorgan Municipal ETF by 45.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock worth $2,815,000 after acquiring an additional 17,404 shares during the last quarter. Finally, AllGen Financial Advisors Inc. boosted its holdings in JPMorgan Municipal ETF by 8.3% during the 4th quarter. AllGen Financial Advisors Inc. now owns 250,340 shares of the company’s stock valued at $12,642,000 after acquiring an additional 19,149 shares during the period.

JPMorgan Municipal ETF Stock Down 0.6%

Shares of JPMorgan Municipal ETF stock opened at $49.65 on Friday. The stock’s fifty day moving average is $50.32 and its two-hundred day moving average is $50.50. The company has a market capitalization of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52 week low of $49.10 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.