JPMorgan Municipal ETF (NYSEARCA:JMUB) Reaches New 1-Year Low – Here’s Why

JPMorgan Municipal ETF (NYSEARCA:JMUB)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $48.91 and last traded at $48.8950, with a volume of 432366 shares changing hands. The stock had previously closed at $49.03.

JPMorgan Municipal ETF Price Performance

The company has a market cap of $8.28 billion, a P/E ratio of 9.96 and a beta of 0.23. The firm’s 50-day moving average is $49.86 and its two-hundred day moving average is $50.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JMUB. Mason & Associates Inc lifted its stake in JPMorgan Municipal ETF by 2.3% during the 1st quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock valued at $468,000 after acquiring an additional 215 shares during the period. Pennsylvania Capital Management Inc. ADV grew its position in shares of JPMorgan Municipal ETF by 4.9% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock valued at $246,000 after acquiring an additional 230 shares during the period. Balefire LLC boosted its position in JPMorgan Municipal ETF by 4.3% during the second quarter. Balefire LLC now owns 5,870 shares of the company’s stock worth $297,000 after purchasing an additional 242 shares in the last quarter. J. R. Prunier Capital Management LLC lifted its holdings in JPMorgan Municipal ETF by 2.5% during the first quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock valued at $523,000 after purchasing an additional 252 shares in the last quarter. Finally, Calton & Associates Inc. increased its position in shares of JPMorgan Municipal ETF by 3.3% during the fourth quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock worth $431,000 after purchasing an additional 270 shares in the last quarter.

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.