JPMorgan Municipal ETF $JMUB Stock Sold by ABLE Financial Group LLC

ABLE Financial Group LLC trimmed its position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 11.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 514,347 shares of the company’s stock after selling 68,203 shares during the period. JPMorgan Municipal ETF makes up approximately 3.8% of ABLE Financial Group LLC’s investment portfolio, making the stock its 4th largest position. ABLE Financial Group LLC’s holdings in JPMorgan Municipal ETF were worth $24,473,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JMUB. Navigate Wealth Management LLC lifted its holdings in shares of JPMorgan Municipal ETF by 7.1% during the 3rd quarter. Navigate Wealth Management LLC now owns 4,470 shares of the company’s stock worth $213,000 after acquiring an additional 296 shares during the period. Roberts Wealth Advisors LLC increased its stake 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 valued at $311,000 after acquiring an additional 1,153 shares during the last quarter. Shotwell Rutter Baer Inc increased its stake in JPMorgan Municipal ETF by 3.0% in the third quarter. Shotwell Rutter Baer Inc now owns 104,220 shares of the company’s stock valued at $4,959,000 after acquiring an additional 3,069 shares during the last quarter. Signal Advisors Wealth LLC bought a new position in JPMorgan Municipal ETF in the third quarter valued at approximately $276,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in JPMorgan Municipal ETF during the third quarter valued at approximately $279,000.

JPMorgan Municipal ETF Price Performance

JMUB traded down $0.04 during trading on Wednesday, hitting $47.84. 2,059,868 shares of the stock traded hands, compared to its average volume of 1,336,796. The business has a 50 day moving average price of $48.80 and a 200 day moving average price of $49.75. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month high of $51.34. The company has a market cap of $8.60 billion, a price-to-earnings 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.