CGN Advisors LLC decreased its position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242,072 shares of the company’s stock after selling 28,743 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 1.2% of CGN Advisors LLC’s holdings, making the stock its 20th largest position. CGN Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $12,140,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in shares of JPMorgan Municipal ETF by 208.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after buying an additional 755 shares in the last quarter. Blue Investment Partners LLC acquired a new stake in JPMorgan Municipal ETF during the 3rd quarter worth about $203,000. Aptus Capital Advisors LLC lifted its stake in JPMorgan Municipal ETF by 291.3% during the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock valued at $206,000 after buying an additional 2,997 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of JPMorgan Municipal ETF during the third quarter valued at approximately $208,000. Finally, Vawter Financial Ltd. purchased a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at $214,000.
JPMorgan Municipal ETF Price Performance
Shares of BATS JMUB opened at $50.10 on Friday. The business’s 50 day simple moving average is $50.44 and its 200-day simple moving average is $50.69. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.
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.
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