JPMorgan Municipal ETF $JMUB Stock Sold by IFP Advisors Inc

IFP Advisors Inc reduced its stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 62.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,871 shares of the company’s stock after selling 52,251 shares during the period. IFP Advisors Inc’s holdings in JPMorgan Municipal ETF were worth $1,516,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Elevated Financial Group LLC purchased a new stake in shares of JPMorgan Municipal ETF in the third quarter worth about $3,766,000. Robertson Stephens Wealth Management LLC grew its stake in shares of JPMorgan Municipal ETF by 4.0% in the third quarter. Robertson Stephens Wealth Management LLC now owns 51,505 shares of the company’s stock valued at $2,451,000 after buying an additional 1,999 shares in the last quarter. Cyr Financial Inc. grew its stake in shares of JPMorgan Municipal ETF by 6.7% in the third quarter. Cyr Financial Inc. now owns 27,219 shares of the company’s stock valued at $1,295,000 after buying an additional 1,713 shares in the last quarter. Cyndeo Wealth Partners LLC raised its holdings in shares of JPMorgan Municipal ETF by 453.4% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 32,504 shares of the company’s stock valued at $1,547,000 after buying an additional 26,631 shares during the period. Finally, Centerline Wealth Advisors LLC raised its holdings in shares of JPMorgan Municipal ETF by 130.6% during the 3rd quarter. Centerline Wealth Advisors LLC now owns 47,629 shares of the company’s stock valued at $2,266,000 after buying an additional 26,971 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of NYSEARCA:JMUB opened at $48.25 on Thursday. The business’s 50-day simple moving average is $48.60 and its 200 day simple moving average is $49.67. The company has a market cap of $8.73 billion, a P/E ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a one year low of $47.20 and a one year high of $51.34.

JPMorgan Municipal ETF Company 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.