JPMorgan Municipal ETF $JMUB is Nolet Wealth Management LLC’s 2nd Largest Position

Nolet Wealth Management LLC decreased its position in JPMorgan Municipal ETF (BATS:JMUB) by 26.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 346,476 shares of the company’s stock after selling 122,487 shares during the period. JPMorgan Municipal ETF comprises about 9.7% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Nolet Wealth Management LLC owned 0.56% of JPMorgan Municipal ETF worth $17,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JMUB. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after purchasing an additional 12,818,224 shares in the last quarter. LPL Financial LLC grew its holdings in shares of JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after buying an additional 1,702,513 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of JPMorgan Municipal ETF by 32.5% during the first 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of JPMorgan Municipal ETF by 29.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after buying an additional 950,852 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in JPMorgan Municipal ETF by 26.5% during the first 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.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of JPMorgan Municipal ETF stock opened at $49.87 on Wednesday. The stock has a 50-day moving average price of $50.23 and a 200 day moving average price of $50.41. The company has a market cap of $3.06 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1 year low of $49.33 and a 1 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.