JPMorgan Municipal ETF (NYSEARCA:JMUB – Get Free Report) saw unusually-high trading volume on Wednesday. 2,555,507 shares changed hands during mid-day trading, an increase of 107% from the previous session’s volume of 1,235,297 shares. The stock last traded at $47.3350 and had previously closed at $47.62.
JPMorgan Municipal ETF Stock Down 0.5%
The company has a market capitalization of $8.20 billion, a PE ratio of 9.96 and a beta of 0.24. The firm’s 50-day moving average is $49.02 and its 200-day moving average is $49.84.
Institutional Trading of JPMorgan Municipal ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PFW Advisors LLC bought a new position in JPMorgan Municipal ETF during the 3rd quarter valued at approximately $691,000. Crumly & Associates Inc. grew its position in shares of JPMorgan Municipal ETF by 9.4% in the 3rd quarter. Crumly & Associates Inc. now owns 115,419 shares of the company’s stock worth $5,492,000 after buying an additional 9,880 shares during the last quarter. First Financial Bank Trust Division purchased a new position in shares of JPMorgan Municipal ETF during the third quarter valued at approximately $2,786,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of JPMorgan Municipal ETF by 7.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,089 shares of the company’s stock valued at $1,119,000 after buying an additional 1,456 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of JPMorgan Municipal ETF by 14.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,186,706 shares of the company’s stock valued at $110,768,000 after acquiring an additional 273,394 shares in 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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