211,061 JPMorgan Municipal ETF $JMUB Shares Sold by Whitegate Investment Counselors Inc.

Whitegate Investment Counselors Inc. lowered its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 83.0% during the third quarter, HoldingsChannel reports. The firm owned 43,124 shares of the company’s stock after selling 211,061 shares during the period. Whitegate Investment Counselors Inc.’s holdings in JPMorgan Municipal ETF were worth $2,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC grew its holdings in shares of JPMorgan Municipal ETF by 27.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 9,054 shares of the company’s stock worth $431,000 after buying an additional 1,948 shares in the last quarter. Inscription Capital LLC lifted its stake in shares of JPMorgan Municipal ETF by 38.9% in the third quarter. Inscription Capital LLC now owns 41,401 shares of the company’s stock worth $1,970,000 after buying an additional 11,592 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of JPMorgan Municipal ETF in the third quarter worth about $26,661,000. Compass Wealth Management LLC GA lifted its stake in shares of JPMorgan Municipal ETF by 4.8% in the third quarter. Compass Wealth Management LLC GA now owns 19,108 shares of the company’s stock worth $909,000 after buying an additional 869 shares in the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new position in shares of JPMorgan Municipal ETF in the third quarter worth about $168,000.

JPMorgan Municipal ETF Price Performance

JMUB traded up $0.05 on Friday, reaching $49.40. 2,375,915 shares of the company’s stock were exchanged, compared to its average volume of 1,526,031. The stock has a market cap of $9.12 billion, a PE ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month high of $51.34. The stock’s fifty day moving average price is $48.43 and its 200-day moving average price is $49.88.

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.