JPMorgan Municipal ETF (NYSEARCA:JMUB – Get Free Report) saw unusually-strong trading volume on Wednesday . 3,838,520 shares traded hands during 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 Stock Down 0.3%
The firm has a 50-day moving average of $49.96 and a two-hundred day moving average of $50.27. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23.
Hedge Funds Weigh In On JPMorgan Municipal ETF
Large investors have recently made changes to their positions in the business. MLG Wealth Management DBA Pine Grove Financial Group boosted its holdings in shares of JPMorgan Municipal ETF by 9.5% during the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 1,140,151 shares of the company’s stock worth $53,622,000 after purchasing an additional 98,965 shares during the period. Capital & Planning LLC acquired a new position in JPMorgan Municipal ETF in the 2nd quarter valued at approximately $3,828,000. Brown Lisle Cummings Inc. purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter worth approximately $75,000. Citadel Advisors LLC lifted its position in JPMorgan Municipal ETF by 11.4% in the 2nd quarter. Citadel Advisors LLC now owns 155,263 shares of the company’s stock worth $7,865,000 after buying an additional 15,905 shares in the last quarter. Finally, Corient Private Wealth LP lifted its position in JPMorgan Municipal ETF by 187.4% in the 2nd quarter. Corient Private Wealth LP now owns 1,943,940 shares of the company’s stock worth $93,477,000 after buying an additional 1,267,651 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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