JPMorgan Municipal ETF (NYSEARCA:JMUB) Sees Large Volume Increase – Time to Buy?

JPMorgan Municipal ETF (NYSEARCA:JMUB) shares saw strong trading volume on Thursday. 1,535,834 shares traded 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 market cap of $8.24 billion, a P/E ratio of 9.96 and a beta of 0.23. The business has a 50 day moving average price of $49.20 and a 200-day moving average price of $49.92.

Institutional Trading of JPMorgan Municipal ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mason & Associates Inc grew its position in shares of JPMorgan Municipal ETF by 2.3% in the 1st quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock valued at $468,000 after acquiring an additional 215 shares during the period. Pennsylvania Capital Management Inc. ADV grew its holdings in JPMorgan Municipal ETF by 4.9% during the first quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock worth $246,000 after purchasing an additional 230 shares during the period. Balefire LLC increased its position in JPMorgan Municipal ETF by 4.3% during the second quarter. Balefire LLC now owns 5,870 shares of the company’s stock worth $297,000 after buying an additional 242 shares during the last quarter. J. R. Prunier Capital Management LLC increased its position in JPMorgan Municipal ETF by 2.5% during the first quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock worth $523,000 after buying an additional 252 shares during the last quarter. Finally, Calton & Associates Inc. raised its stake in JPMorgan Municipal ETF by 3.3% in the fourth quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock valued at $431,000 after buying an additional 270 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.