JPMorgan Municipal ETF (NYSEARCA:JMUB) Sees Unusually-High Trading Volume – Should You Buy?

JPMorgan Municipal ETF (NYSEARCA:JMUB) saw strong trading volume on Wednesday . Approximately 3,838,520 shares traded hands during mid-day 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 0.1%

The firm has a fifty day simple moving average of $50.02 and a 200-day simple moving average of $50.29. The company has a market cap of $8.32 billion, a PE ratio of 9.96 and a beta of 0.23.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wellington Grp LLC grew its position in JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after buying an additional 532 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth $34,000. Franklin Resources Inc. acquired a new position in JPMorgan Municipal ETF during the third quarter valued at approximately $41,000. SHP Wealth Management bought a new stake in JPMorgan Municipal ETF in the fourth quarter valued at approximately $47,000. Finally, Lavaca Capital LLC acquired a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth about $48,000.

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.