251,934 JPMorgan Municipal ETF $JMUB Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC reduced its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 37.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 412,280 shares of the company’s stock after selling 251,934 shares during the quarter. JPMorgan Municipal ETF comprises about 1.5% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 13th biggest position. Tortoise Investment Management LLC’s holdings in JPMorgan Municipal ETF were worth $19,616,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $730,906,000. Summit Financial Strategies Inc. boosted its stake in JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock valued at $139,607,000 after purchasing an additional 2,803,937 shares during the period. Capital Analysts LLC grew its holdings in JPMorgan Municipal ETF by 856.3% in the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock valued at $90,546,000 after buying an additional 1,709,720 shares during the last quarter. Kintra Wealth LLC grew its holdings in JPMorgan Municipal ETF by 8,851.3% in the 2nd quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock valued at $66,564,000 after buying an additional 1,417,177 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $62,723,000.

JPMorgan Municipal ETF Stock Down 0.9%

Shares of NYSEARCA JMUB opened at $48.95 on Friday. The business’s 50 day moving average is $48.42 and its two-hundred day moving average is $49.85. The company has a market cap of $9.15 billion, a P/E ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a 12 month low of $47.20 and a 12 month high of $51.34.

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.