Shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Get Free Report) saw an uptick in trading volume on Wednesday. 2,555,507 shares changed hands during mid-day trading, an increase of 107% from the previous session’s volume of 1,235,297 shares. The stock last traded at $47.3350 and had previously closed at $47.62.
JPMorgan Municipal ETF Price Performance
The business has a 50 day moving average price of $49.02 and a 200 day moving average price of $49.84. The stock has a market capitalization of $8.20 billion, a PE ratio of 9.96 and a beta of 0.24.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC purchased a new stake in shares of JPMorgan Municipal ETF in the second quarter worth approximately $730,906,000. JPMorgan Chase & Co. boosted its holdings in JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after acquiring an additional 12,818,224 shares during the period. Summit Financial Strategies Inc. boosted its holdings 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 acquiring an additional 2,803,937 shares during the period. Capital Analysts LLC grew its position 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 acquiring an additional 1,709,720 shares during the last quarter. Finally, LPL Financial LLC grew its position in JPMorgan Municipal ETF by 44.5% in the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after acquiring an additional 1,702,513 shares during the last quarter.
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.
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