JPMorgan Municipal ETF (NYSEARCA:JMUB) Reaches New 1-Year Low – What’s Next?

JPMorgan Municipal ETF (NYSEARCA:JMUB) reached a new 52-week low on Wednesday . The stock traded as low as $48.32 and last traded at $48.3550, with a volume of 251666 shares trading hands. The stock had previously closed at $48.49.

JPMorgan Municipal ETF Stock Down 0.7%

The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The business has a 50-day moving average of $49.49 and a two-hundred day moving average of $50.05.

Institutional Trading of JPMorgan Municipal ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Grp LLC increased its stake in JPMorgan Municipal ETF by 572.0% in the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after acquiring an additional 532 shares during the period. SHP Wealth Management bought a new position in JPMorgan Municipal ETF during the fourth quarter worth about $47,000. Legacy Wealth Managment LLC ID boosted its holdings in JPMorgan Municipal ETF by 302.2% during the first quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock valued at $64,000 after purchasing an additional 958 shares in the last quarter. Harbour Investments Inc. acquired a new stake in JPMorgan Municipal ETF during the fourth quarter valued at approximately $73,000. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter valued at approximately $75,000.

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.