Shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $48.91 and last traded at $48.8950, with a volume of 432366 shares. The stock had previously closed at $49.03.
JPMorgan Municipal ETF Price Performance
The firm’s 50-day moving average price is $49.86 and its 200-day moving average price is $50.22. The stock has a market cap of $8.28 billion, a P/E ratio of 9.96 and a beta of 0.23.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Founders Financial Securities LLC lifted its position in JPMorgan Municipal ETF by 19.3% in the 1st quarter. Founders Financial Securities LLC now owns 190,822 shares of the company’s stock valued at $9,612,000 after acquiring an additional 30,843 shares in the last quarter. CENTRAL TRUST Co increased its holdings in JPMorgan Municipal ETF by 8.2% in the 1st quarter. CENTRAL TRUST Co now owns 775,337 shares of the company’s stock worth $38,759,000 after buying an additional 58,732 shares in the last quarter. Larson Financial Group LLC lifted its stake in JPMorgan Municipal ETF by 7.1% during the 4th quarter. Larson Financial Group LLC now owns 435,288 shares of the company’s stock valued at $21,982,000 after acquiring an additional 28,878 shares during the period. Bailard Inc. raised its holdings in shares of JPMorgan Municipal ETF by 4.2% during the fourth quarter. Bailard Inc. now owns 794,545 shares of the company’s stock valued at $40,125,000 after purchasing an additional 31,886 shares during the last quarter. Finally, Cauble & Harre Wealth Management Inc. bought a new position in JPMorgan Municipal ETF during the fourth quarter valued at approximately $1,206,000.
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.
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