JPMorgan Municipal ETF (NYSEARCA:JMUB) Sees Large Volume Increase – What’s Next?

JPMorgan Municipal ETF (NYSEARCA:JMUB) shares saw an uptick in trading volume on Thursday. 1,535,834 shares changed hands during trading, an increase of 33% from the previous session’s volume of 1,157,049 shares. The stock last traded at $47.6230 and had previously closed at $47.58.

JPMorgan Municipal ETF Trading Up 0.4%

The company has a 50 day moving average of $49.20 and a 200-day moving average of $49.92. The firm has a market capitalization of $8.24 billion, a P/E ratio of 9.96 and a beta of 0.23.

Institutional Investors Weigh In On JPMorgan Municipal ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Grp LLC grew its position in 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 buying an additional 532 shares in the last quarter. SHP Wealth Management acquired a new position in JPMorgan Municipal ETF in the 4th quarter valued at $47,000. Legacy Wealth Managment LLC ID lifted its position in shares of JPMorgan Municipal ETF by 302.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock valued at $64,000 after acquiring an additional 958 shares during the period. Harbour Investments Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at $73,000. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at $75,000.

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.