TIAA Trust National Association Sells 399,568 Shares of JPMorgan Municipal ETF $JMUB

TIAA Trust National Association trimmed its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 577,817 shares of the company’s stock after selling 399,568 shares during the period. TIAA Trust National Association owned about 0.94% of JPMorgan Municipal ETF worth $29,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC raised its stake in shares of JPMorgan Municipal ETF by 14.5% during the fourth quarter. Cerity Partners LLC now owns 47,818 shares of the company’s stock valued at $2,415,000 after acquiring an additional 6,039 shares during the last quarter. LPL Financial LLC raised its stake 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 acquiring an additional 1,702,513 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Municipal ETF by 1,656.4% during the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after acquiring an additional 12,818,224 shares during the last quarter. Parallel Advisors LLC increased its position in shares of JPMorgan Municipal ETF by 41.8% during the fourth quarter. Parallel Advisors LLC now owns 4,723 shares of the company’s stock valued at $239,000 after buying an additional 1,392 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in shares of JPMorgan Municipal ETF by 18.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 30,522 shares of the company’s stock valued at $1,541,000 after buying an additional 4,754 shares during the period.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.45 on Wednesday. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34. The firm has a 50-day moving average of $50.28 and a 200 day moving average of $50.54. The company has a market cap of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.