Washington Trust Bank Sells 25,566 Shares of JPMorgan Municipal ETF $JMUB

Washington Trust Bank cut its stake in JPMorgan Municipal ETF (BATS:JMUB) by 18.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,896 shares of the company’s stock after selling 25,566 shares during the quarter. Washington Trust Bank’s holdings in JPMorgan Municipal ETF were worth $5,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JMUB. Godsey & Gibb Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth about $27,000. Goodman Advisory Group LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth about $37,000. Franklin Resources Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth about $41,000. N.E.W. Advisory Services LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth about $44,000. Finally, Archer Investment Corp purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth about $58,000.

JPMorgan Municipal ETF Trading Down 0.1%

BATS:JMUB opened at $50.35 on Tuesday. The company has a 50-day moving average price of $50.39 and a 200-day moving average price of $50.61. JPMorgan Municipal ETF has a 12 month low of $49.06 and a 12 month high of $51.34. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

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.