Sequoia Financial Advisors LLC Sells 64,663 Shares of JPMorgan Municipal ETF $JMUB

Sequoia Financial Advisors LLC lessened its stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 31.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,042 shares of the company’s stock after selling 64,663 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $7,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JMUB. HB Wealth Management LLC acquired a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $730,906,000. JPMorgan Chase & Co. lifted its holdings in JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after buying an additional 12,818,224 shares in the last quarter. LPL Financial LLC boosted its position in JPMorgan Municipal ETF by 44.5% in the 4th 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 during the last quarter. Meeder Advisory Services Inc. boosted its position in 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Municipal ETF by 29.6% in the 4th 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 during the last quarter.

JPMorgan Municipal ETF Stock Up 0.5%

Shares of JMUB stock opened at $48.69 on Friday. The stock has a 50-day moving average price of $49.75 and a 200 day moving average price of $50.18. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 12 month low of $48.41 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.