JPMorgan Municipal ETF (NYSEARCA:JMUB) Sees Large Volume Increase – Here’s Why

JPMorgan Municipal ETF (NYSEARCA:JMUB) shares saw unusually-high trading volume on Wednesday. 2,555,507 shares changed hands during 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 Price Performance

The business has a 50 day simple moving average of $48.93 and a 200 day simple moving average of $49.80. The stock has a market cap of $8.30 billion, a PE ratio of 9.96 and a beta of 0.24.

Hedge Funds Weigh In On JPMorgan Municipal ETF

A number of hedge funds have recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth $730,906,000. Summit Financial Strategies Inc. raised its holdings in shares of JPMorgan Municipal ETF by 1,780.4% during the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock valued at $139,607,000 after purchasing an additional 2,803,937 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of JPMorgan Municipal ETF by 856.3% in the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock valued at $90,546,000 after purchasing an additional 1,709,720 shares during the last quarter. Kintra Wealth LLC lifted its stake in shares of JPMorgan Municipal ETF by 8,851.3% in the 2nd quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock valued at $66,564,000 after purchasing an additional 1,417,177 shares during the last quarter. Finally, Corient Private Wealth LP boosted its holdings in JPMorgan Municipal ETF by 187.4% in the second quarter. Corient Private Wealth LP now owns 1,943,940 shares of the company’s stock worth $93,477,000 after purchasing an additional 1,267,651 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.