3,916,579 JPMorgan Municipal ETF $JMUB Shares Sold by Legacy Wealth Management LLC

Legacy Wealth Management LLC lowered its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 96.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,081 shares of the company’s stock after selling 3,916,579 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 0.4% of Legacy Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Legacy Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $6,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMUB. HB Wealth Management LLC acquired a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at about $730,906,000. Summit Financial Strategies Inc. increased its position in shares of JPMorgan Municipal ETF by 1,780.4% during the second quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after acquiring an additional 2,803,937 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of JPMorgan Municipal ETF by 856.3% in the second quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock worth $90,546,000 after acquiring an additional 1,709,720 shares in the last quarter. Kintra Wealth LLC lifted its stake in shares of JPMorgan Municipal ETF by 8,851.3% in the second quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock worth $66,564,000 after acquiring an additional 1,417,177 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF in the third quarter worth about $62,723,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $48.67 on Friday. The company has a market capitalization of $8.81 billion, a P/E ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a one year low of $47.20 and a one year high of $51.34. The stock has a 50-day moving average price of $48.55 and a 200 day moving average price of $49.66.

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.