JPMorgan Municipal ETF (NYSEARCA:JMUB) Reaches New 1-Year Low – Should You Sell?

JPMorgan Municipal ETF (NYSEARCA:JMUB) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $48.91 and last traded at $48.8950, with a volume of 432366 shares trading hands. The stock had previously closed at $49.03.

JPMorgan Municipal ETF Price Performance

The company has a market capitalization of $8.22 billion, a PE ratio of 9.96 and a beta of 0.23. The company’s fifty day moving average is $49.78 and its 200-day moving average is $50.19.

Hedge Funds Weigh In On JPMorgan Municipal ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Founders Financial Securities LLC boosted its position in JPMorgan Municipal ETF by 19.3% during the first quarter. Founders Financial Securities LLC now owns 190,822 shares of the company’s stock worth $9,612,000 after acquiring an additional 30,843 shares during the last quarter. CENTRAL TRUST Co raised 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 valued at $38,759,000 after acquiring an additional 58,732 shares during the last quarter. Larson Financial Group LLC lifted its stake in JPMorgan Municipal ETF by 7.1% in the 4th quarter. Larson Financial Group LLC now owns 435,288 shares of the company’s stock worth $21,982,000 after purchasing an additional 28,878 shares in the last quarter. Cauble & Harre Wealth Management Inc. purchased a new position in JPMorgan Municipal ETF in the 4th quarter worth approximately $1,206,000. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of JPMorgan Municipal ETF by 31.6% during the 4th quarter. Peapack Gladstone Financial Corp now owns 143,226 shares of the company’s stock worth $7,232,000 after purchasing an additional 34,391 shares during 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.