Oak Hill Wealth Advisors LLC reduced its holdings in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 38.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,450 shares of the company’s stock after selling 4,092 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $319,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. ST Germain D J Co. Inc. acquired a new stake in JPMorgan Municipal ETF in the second quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. acquired a new stake in JPMorgan Municipal ETF in the first quarter valued at approximately $28,000. Abound Wealth Management purchased a new position in shares of JPMorgan Municipal ETF during the second quarter valued at approximately $78,000. Ameriflex Group Inc. boosted its position in shares of JPMorgan Municipal ETF by 360.0% during the second quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock valued at $114,000 after buying an additional 1,800 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of JPMorgan Municipal ETF by 91.2% during the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $144,000 after buying an additional 1,392 shares during the last quarter.
JPMorgan Municipal ETF Trading Up 1.1%
Shares of JPMorgan Municipal ETF stock opened at $50.36 on Friday. The business’s fifty day simple moving average is $49.83 and its 200 day simple moving average is $49.58. The firm has a market capitalization of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.31.
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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