JPMorgan Municipal ETF $JMUB Holdings Lessened by Prentice Wealth Management LLC

Prentice Wealth Management LLC cut its stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 58.0% in the third quarter, HoldingsChannel reports. The firm owned 18,305 shares of the company’s stock after selling 25,296 shares during the quarter. Prentice Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $871,000 as of its most recent SEC filing.

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

JPMorgan Municipal ETF Price Performance

Shares of JPMorgan Municipal ETF stock traded up $0.04 on Tuesday, reaching $48.24. 1,356,711 shares of the company were exchanged, compared to its average volume of 1,393,481. The stock’s 50 day moving average price is $48.67 and its 200-day moving average price is $49.70. JPMorgan Municipal ETF has a 1-year low of $47.20 and a 1-year high of $51.34. 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 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.