JPMorgan Municipal ETF (BATS:JMUB) Hits New 12-Month High – What’s Next?

Shares of JPMorgan Municipal ETF (BATS:JMUB) reached a new 52-week high on Monday . The stock traded as high as $50.91 and last traded at $50.9050, with a volume of 506043 shares. The stock had previously closed at $50.83.

JPMorgan Municipal ETF Stock Performance

The company has a market cap of $3.12 billion, a PE ratio of 9.96 and a beta of 0.21. The company has a 50 day simple moving average of $50.66 and a two-hundred day simple moving average of $50.35.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.1414 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.3%.

Hedge Funds Weigh In On JPMorgan Municipal ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JMUB. Godsey & Gibb Inc. bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $27,000. Financial Gravity Companies Inc. acquired a new position in JPMorgan Municipal ETF in the second quarter valued at approximately $28,000. Goodman Advisory Group LLC bought a new position in JPMorgan Municipal ETF in the third quarter valued at approximately $37,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF in the third quarter valued at approximately $41,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in JPMorgan Municipal ETF during the 4th quarter worth $44,000.

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.