JPMorgan Municipal ETF $JMUB Shares Sold by Nolet Wealth Management LLC

Nolet Wealth Management LLC trimmed its position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 19.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,649 shares of the company’s stock after selling 73,271 shares during the quarter. JPMorgan Municipal ETF accounts for 7.9% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Nolet Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $14,352,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mather Group LLC. bought a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $25,186,000. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at about $11,774,000. Navigate Wealth Management LLC boosted its stake in shares of JPMorgan Municipal ETF by 7.1% in the 3rd quarter. Navigate Wealth Management LLC now owns 4,470 shares of the company’s stock worth $213,000 after buying an additional 296 shares during the last quarter. Roberts Wealth Advisors LLC boosted its position in JPMorgan Municipal ETF by 21.4% in the third quarter. Roberts Wealth Advisors LLC now owns 6,542 shares of the company’s stock worth $311,000 after purchasing an additional 1,153 shares during the last quarter. Finally, Shotwell Rutter Baer Inc raised its stake in shares of JPMorgan Municipal ETF by 3.0% during the 3rd quarter. Shotwell Rutter Baer Inc now owns 104,220 shares of the company’s stock worth $4,959,000 after purchasing an additional 3,069 shares during the period.

JPMorgan Municipal ETF Stock Performance

JMUB opened at $47.81 on Thursday. JPMorgan Municipal ETF has a fifty-two week low of $47.20 and a fifty-two week high of $51.34. The firm has a 50-day moving average of $48.76 and a 200 day moving average of $49.74. The firm has a market cap of $8.59 billion, a P/E ratio of 9.96 and a beta of 0.24.

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.