JPMorgan Municipal ETF (NYSEARCA:JMUB) Reaches New 12-Month Low – Should You Sell?

JPMorgan Municipal ETF (NYSEARCA:JMUB) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $47.37 and last traded at $47.47, with a volume of 4237730 shares changing hands. The stock had previously closed at $47.77.

JPMorgan Municipal ETF Stock Up 0.6%

The stock has a 50-day moving average price of $49.20 and a 200 day moving average price of $49.92. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23.

Institutional Investors Weigh In On JPMorgan Municipal ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF during the second quarter worth $730,906,000. JPMorgan Chase & Co. raised its stake in JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after buying an additional 12,818,224 shares in the last quarter. LPL Financial LLC lifted its holdings in JPMorgan Municipal ETF by 44.5% during the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after buying an additional 1,702,513 shares during the last quarter. Meeder Advisory Services Inc. lifted its holdings in JPMorgan Municipal ETF by 32.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after buying an additional 1,044,894 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in JPMorgan Municipal ETF by 26.5% during the 1st quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after buying an additional 761,782 shares during the last quarter.

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.