JPMorgan Municipal ETF (BATS:JMUB) Sets New 12-Month Low – Time to Sell?

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

JPMorgan Municipal ETF Stock Down 0.7%

The business has a 50-day moving average price of $50.05 and a 200-day moving average price of $50.31. The firm has a market capitalization of $3.02 billion, a P/E ratio of 9.96 and a beta of 0.21.

Institutional Investors Weigh In On JPMorgan Municipal ETF

Several institutional investors and hedge funds have recently bought and sold shares of JMUB. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at $730,906,000. JPMorgan Chase & Co. increased its stake in JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after acquiring an additional 12,818,224 shares during the period. LPL Financial LLC increased its stake in JPMorgan Municipal ETF by 44.5% in the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after acquiring an additional 1,702,513 shares during the period. Kintra Wealth LLC raised its position in JPMorgan Municipal ETF by 8,851.3% in the second quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock worth $66,564,000 after purchasing an additional 1,417,177 shares in the last quarter. Finally, Corient Private Wealth LP lifted its stake in JPMorgan Municipal ETF by 187.4% during the second quarter. Corient Private Wealth LP now owns 1,943,940 shares of the company’s stock worth $93,477,000 after purchasing an additional 1,267,651 shares during the period.

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.