JPMorgan Municipal ETF (BATS:JMUB) Sets New 12-Month High – Should You Buy?

Shares of JPMorgan Municipal ETF (BATS:JMUB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $51.11 and last traded at $51.0850, with a volume of 821092 shares traded. The stock had previously closed at $51.01.

JPMorgan Municipal ETF Price Performance

The company has a market cap of $3.13 billion, a P/E ratio of 9.96 and a beta of 0.21. The stock has a 50-day moving average of $50.70 and a 200 day moving average of $50.41.

JPMorgan Municipal ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.1414 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On JPMorgan Municipal ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Spire Wealth Management boosted its stake in shares of JPMorgan Municipal ETF by 28,330.0% during the 2nd quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock worth $282,000 after acquiring an additional 5,666 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 33.7% during the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 195,290 shares of the company’s stock worth $9,856,000 after buying an additional 49,188 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of JPMorgan Municipal ETF by 86.3% in the third quarter. Farther Finance Advisors LLC now owns 28,104 shares of the company’s stock worth $1,418,000 after acquiring an additional 13,021 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in JPMorgan Municipal ETF during the 3rd quarter worth approximately $616,000. Finally, Baker Tilly Wealth Management LLC raised its stake in shares of JPMorgan Municipal ETF by 14.2% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 112,158 shares of the company’s stock worth $5,661,000 after purchasing an additional 13,929 shares in 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.