JPMorgan Municipal ETF (JMUB)
JPMorgan Municipal ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $49.92, up 0.10% on the session, giving a market capitalisation of $8.51B. Its beta of 0.82 implies it has historically moved less than the broad market.
The fund primarily allocates a minimum of 80% of its total assets to municipal securities, which generate income that is exempt from federal income tax. Its portfolio may include debt instruments issued by various entities, such as state and local government bodies, organizations linked to the U.S. government, and, in certain cases, private issuers. Furthermore, the fund has the flexibility to invest in structured municipal debt products like mortgage-backed securities (MBS) and asset-backed securities (ABS).
JPMorgan Municipal ETF is most often compared with the following Financial Services names: