JPMorgan Municipal ETF $JMUB Stock: Hughes Financial Services LLC Cuts Holdings

Hughes Financial Services LLC lowered its position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 99.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,756 shares of the company’s stock after selling 1,712,037 shares during the period. Hughes Financial Services LLC’s holdings in JPMorgan Municipal ETF were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. HB Wealth Management LLC purchased a new position in JPMorgan Municipal ETF in the second quarter worth approximately $730,906,000. Meeder Advisory Services Inc. raised its position in JPMorgan Municipal ETF by 32.5% in the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after purchasing an additional 1,044,894 shares during the period. Cetera Investment Advisers raised its position in JPMorgan Municipal ETF by 26.5% in the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock valued at $181,736,000 after purchasing an additional 761,782 shares during the period. Summit Financial Strategies Inc. grew its holdings in shares of JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after purchasing an additional 2,803,937 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of JPMorgan Municipal ETF by 24.0% during the 1st quarter. Bank of America Corp DE now owns 2,735,757 shares of the company’s stock worth $136,760,000 after purchasing an additional 529,795 shares during the period.

JPMorgan Municipal ETF Trading Up 0.0%

Shares of NYSEARCA:JMUB opened at $48.95 on Wednesday. The business has a 50-day moving average price of $48.45 and a 200 day moving average price of $49.90. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a 12-month low of $47.20 and a 12-month 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.