JPMorgan Municipal ETF (BATS:JMUB) Sets New 1-Year Low – Here’s Why

JPMorgan Municipal ETF (BATS:JMUB) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $49.25 and last traded at $49.27, with a volume of 119550 shares changing hands. The stock had previously closed at $49.52.

JPMorgan Municipal ETF Stock Performance

The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business’s 50-day simple moving average is $50.05 and its 200-day simple moving average is $50.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JMUB. Wellington Grp LLC boosted its position in shares of JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 532 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in JPMorgan Municipal ETF during the 4th quarter worth approximately $34,000. Franklin Resources Inc. bought a new stake in JPMorgan Municipal ETF during the 3rd quarter worth about $41,000. SHP Wealth Management bought a new stake in JPMorgan Municipal ETF during the fourth quarter worth about $47,000. Finally, Lavaca Capital LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at approximately $48,000.

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.