JPMorgan Municipal ETF

Price: $50.34
Change: $0.03 (-0.0%)
Category: Total Bond Market
Last Updated:


Brand JPMorgan
Structure ETF
Expense Ratio 0.18%
ETF Home Page Home page
Inception Oct 29, 2018
Index Tracked ACTIVE - No Index

Analyst Report

The JP Morgan Municipal ETF (JMUB) is an actively-managed fund that invests in municipal securities. The portfolio managers focus on investment-grade securities and aim to deliver tax-free income while managing credit risk and duration, a measure of sensitivity to interest rate changes. Typically bond prices fall when interest rates rise. Bonds have been one of the bright spots for active managers, and many bond ETFs manage to outperform their benchmarks — something stock pickers often fail to achieve. An investment in JMUB is ultimately a bet on the manager’s ability to outperform the market. Actively-managed alternatives include the PIMCO Municipal Bond Strategy Fund (MUNI). Investors looking for index-tracking funds can compare JMUB to the iShares National AMT-Free Muni Bond ETF (MUB) or the Vanguard Tax-Exempt Bond Index ETF (VTEB), the two largest funds in the municipal bond category.

ETF Database Themes

Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Total Bond Market
Bond Duration All-Term

FactSet Classifications

Segment Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate
Category Government, Local Authority/Municipal
Focus Investment Grade
Niche Intermediate
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $46.69
  • 52 Week Hi $50.65
  • AUM $1,403.1 M
  • Shares 27.9 M

Historical Trading Data

  • 1 Month Avg. Volume 211,904
  • 3 Month Avg. Volume 188,972

Alternative ETFs in the ETF Database Total Bond Market Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKAG 0.00% $1.8 B 128,533 -1.33%
Largest (AUM) AGG 0.03% $107.8 B 9 M -1.24%
Most Liquid (Volume) AGG 0.03% $107.8 B 9 M -1.24%
Top YTD Performer PCEF 3.08% $749.5 M 137,173 7.78%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTES 0.07% $442.6 M 30,442 -0.53%
Largest (AUM) ITM 0.18% $1.8 B 184,095 -1.73%
Most Liquid (Volume) ITM 0.18% $1.8 B 184,095 -1.73%
Top YTD Performer MNBD 0.50% $31.9 M 844 -0.13%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

JMUB ETF Database Category Average FactSet Segment Average
Number of Holdings 840 1417 864
% of Assets in Top 10 16.82% 35.68% 9.82%
% of Assets in Top 15 20.28% 40.10% 12.81%
% of Assets in Top 50 35.15% 57.71% 28.03%

Size Comparison

JMUB ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

JMUB Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

JMUB Dividend

This section compares the dividend yield of this ETF to its peers.

JMUB ETF Database Category Average FactSet Segment Average
Dividend $ 0.15 $ 0.18 $ 0.09
Dividend Date 2024-05-01 N/A N/A
Annual Dividend Rate $ 1.68 $ 1.91 $ 0.97
Annual Dividend Yield 3.34% 4.56% 2.64%

JMUB Price and Volume Charts

View charts featuring JMUB price and volume data.

JMUB Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 5.05 M 1 Month Net Flows: 72.77 M 3 Month Net Flows: 239.61 M 6 Month Net Flows: 627.76 M 1 Year Net Flows: 947.88 M 3 Year Net Flows: 1.32 B 5 Year Net Flows: 1.37 B 10 Year Net Flows: 1.37 B

JMUB Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 5.88 M
1 Month Net AUM Change: 79.74 M
3 Month Net AUM Change: 233.58 M
6 Month Net AUM Change: 649.69 M
1 Year Net AUM Change: 956.73 M
3 Year Net AUM Change: 1.33 B
5 Year Net AUM Change: 1.37 B
10 Year Net AUM Change: 1.38 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for JMUB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B AGG
Expenses A- BKAG

A+ Overall Rated ETF:

JMUB Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

JMUB does not have an ESG score. There are no ESG themes that map to this ETF.

JMUB Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

JMUB ETF Database
Category Average
Factset Segment
1 Month Return 0.50% 1.63% 0.16%
3 Month Return 0.12% 1.01% -0.68%
YTD Return -0.08% 0.32% -1.09%
1 Year Return 4.50% 4.77% 2.88%
3 Year Return -0.30% -0.84% -0.71%
5 Year Return 1.61% 0.63% 0.43%

Geographic Exposure

The following charts reflect the geographic spread of JMUB's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of JMUB's underlying holdings.

Asset Percentage
Municipal 88.84%
Open-ended Fund 8.83%
Corporate 1.03%
Sovereign 0.63%
Share/Common/Ordinary 0.34%
CASH 0.22%
Asset Backed Security 0.08%
Other 0.07%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Municipal 88.84%
Open-ended Fund 8.83%
Corporate 1.03%
Sovereign 0.63%
Share/Common/Ordinary 0.34%
CASH 0.22%
Asset Backed Security 0.08%
Other 0.07%

JMUB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 37.12%
20 Day Volatility 2.27%
50 Day Volatility 2.55%
200 Day Volatility 2.73%
Beta 0.12
Standard Deviation 1.16%
5 Day Volatility
55 of 124

20 Day Volatility
91 of 124

50 Day Volatility
92 of 124

200 Day Volatility
92 of 124

86 of 122

Standard Deviation
23 of 123


  • 20 Day MA $50.30
  • 60 Day MA $50.30
  • MACD 15 Period -0.05
  • MACD 100 Period 0.05
  • Williams % Range 10 Day 90.63
  • Williams % Range 20 Day 41.53
  • RSI 10 Day 49
  • RSI 20 Day 52
  • RSI 30 Day 53
  • Ultimate Oscillator 46

Bollinger Bands

  • Lower Bollinger (10 Day) $50.34
  • Upper Bollinger (10 Day) $50.60
  • Lower Bollinger (20 Day) $49.89
  • Upper Bollinger (20 Day) $50.71
  • Lower Bollinger (30 Day) $49.79
  • Upper Bollinger (30 Day) $50.63

Support & Resistance

  • Support Level 1 $50.28
  • Support Level 2 $50.23
  • Resistance Level 1 $50.42
  • Resistance Level 2 $50.51


  • Stochastic Oscillator %D (1 Day) 32.98
  • Stochastic Oscillator %D (5 Day) 30.25
  • Stochastic Oscillator %K (1 Day) 40.46
  • Stochastic Oscillator %K (5 Day) 49.84


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.08
  • Maximum Premium Discount (%) 0.42
  • Average Spread (%) 1.16
  • Average Spread ($) 1.16

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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