JPMorgan Municipal ETF (BATS:JMUB) Hits New 52-Week High – Time to Buy?

Shares of JPMorgan Municipal ETF (BATS:JMUB) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $50.91 and last traded at $50.9050, with a volume of 506043 shares changing hands. The stock had previously closed at $50.83.

JPMorgan Municipal ETF Stock Up 0.1%

The business has a fifty day moving average of $50.66 and a 200 day moving average of $50.35. The firm has a market cap of $3.12 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.1414 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.3%.

Hedge Funds Weigh In On JPMorgan Municipal ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth $27,000. Financial Gravity Companies Inc. bought a new stake in JPMorgan Municipal ETF during the second quarter worth about $28,000. Goodman Advisory Group LLC acquired a new stake in JPMorgan Municipal ETF during the third quarter worth about $37,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at about $41,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at approximately $44,000.

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.