JPMorgan Municipal ETF (NYSEARCA:JMUB – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $48.32 and last traded at $48.3550, with a volume of 251666 shares trading hands. The stock had previously closed at $48.49.
JPMorgan Municipal ETF Trading Down 0.7%
The company’s fifty day moving average is $49.49 and its 200-day moving average is $50.05. The firm has a market capitalization of $8.34 billion, a P/E ratio of 9.96 and a beta of 0.23.
Institutional Investors Weigh In On JPMorgan Municipal ETF
Hedge funds have recently bought and sold shares of the company. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $730,906,000. JPMorgan Chase & Co. increased its position in JPMorgan Municipal ETF by 1,656.4% during the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after acquiring an additional 12,818,224 shares during the period. LPL Financial LLC increased its position in JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after acquiring an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. raised its stake in JPMorgan Municipal ETF by 32.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after purchasing an additional 1,044,894 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan Municipal ETF by 29.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after purchasing an additional 950,852 shares during the last quarter.
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.
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