Lido Advisors LLC reduced its holdings in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) by 61.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,538 shares of the company’s stock after selling 325,614 shares during the quarter. Lido Advisors LLC owned about 0.11% of JPMorgan Municipal ETF worth $9,590,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. JNBA Financial Advisors bought a new position in shares of JPMorgan Municipal ETF in the second quarter worth $964,000. Elevated Financial Group LLC purchased a new position in shares of JPMorgan Municipal ETF in the third quarter valued at $3,766,000. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at $11,774,000. Smallwood Wealth Investment Management LLC raised its stake in shares of JPMorgan Municipal ETF by 316,606.2% during the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 50,673 shares of the company’s stock valued at $2,379,000 after purchasing an additional 50,657 shares during the period. Finally, HB Wealth Management LLC bought a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at $730,906,000.
JPMorgan Municipal ETF Stock Performance
Shares of JMUB opened at $48.95 on Friday. The stock’s 50-day simple moving average is $48.42 and its 200 day simple moving average is $49.85. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week 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.
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