Breakwater Capital Group Sells 11,105 Shares of JPMorgan Municipal ETF $JMUB

Breakwater Capital Group reduced its position in JPMorgan Municipal ETF (BATS:JMUB) by 18.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,874 shares of the company’s stock after selling 11,105 shares during the period. Breakwater Capital Group owned 0.08% of JPMorgan Municipal ETF worth $2,425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of JPMorgan Municipal ETF by 12.1% during the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after acquiring an additional 10,823 shares in the last quarter. AQR Capital Management LLC boosted its stake in JPMorgan Municipal ETF by 37.4% in the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after acquiring an additional 2,927 shares in the last quarter. Cerity Partners LLC acquired a new stake in JPMorgan Municipal ETF in the second quarter valued at approximately $1,950,000. Peapack Gladstone Financial Corp boosted its stake in JPMorgan Municipal ETF by 317.8% in the second quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock valued at $3,926,000 after acquiring an additional 60,157 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in JPMorgan Municipal ETF in the second quarter worth $2,233,000.

JPMorgan Municipal ETF Trading Up 0.3%

BATS JMUB opened at $49.93 on Friday. The firm’s fifty day simple moving average is $50.26 and its two-hundred day simple moving average is $50.43. The firm has a market capitalization of $3.06 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12-month low of $49.33 and a 12-month high of $51.34.

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.