JPMorgan Municipal ETF (NYSEARCA:JMUB) Sees Unusually-High Trading Volume – What’s Next?

JPMorgan Municipal ETF (NYSEARCA:JMUB) saw an uptick in trading volume on Wednesday . Approximately 3,838,520 shares changed hands during mid-day trading, an increase of 283% from the previous session’s volume of 1,001,899 shares.The stock last traded at $49.09 and had previously closed at $49.16.

JPMorgan Municipal ETF Price Performance

The stock has a market capitalization of $8.32 billion, a P/E ratio of 9.96 and a beta of 0.23. The stock has a fifty day moving average price of $50.02 and a 200 day moving average price of $50.29.

Institutional Trading of JPMorgan Municipal ETF

Several institutional investors and hedge funds have recently bought and sold shares of JMUB. Wellington Grp LLC increased its holdings in shares of 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 purchasing an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth approximately $34,000. Franklin Resources Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at $41,000. SHP Wealth Management purchased a new position in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $47,000. Finally, Lavaca Capital LLC purchased a new position in JPMorgan Municipal ETF in the 4th quarter valued at approximately $48,000.

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.