JMUB
JPMorgan Municipal ETF

Price: $55.38
Change: $0.05 (0.0%)
Category: Total Bond Market
Last Updated:

Vitals

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

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 $53.27
  • 52 Week Hi $55.83
  • AUM $99.6 M
  • Shares 1.8 M

Historical Trading Data

  • 1 Month Avg. Volume 12,464
  • 3 Month Avg. Volume 10,194

Alternative ETFs in the ETF Database Total Bond Market Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKAG 0.00% $176.7 M 32,794 -0.40%
Largest (AUM) AGG 0.04% $89.8 B 5 M -0.55%
Most Liquid (Volume) BND 0.04% $82.5 B 5 M -0.64%
Top YTD Performer RDFI 2.37% $67.2 M 19,691 13.11%

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 IBMM 0.18% $240.2 M 21,674 0.24%
Largest (AUM) ITM 0.24% $1.9 B 127,903 0.62%
Most Liquid (Volume) ITM 0.24% $1.9 B 127,903 0.62%
Top YTD Performer MMIT 0.31% $212.2 M 43,183 1.68%

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 557 1471 513
% of Assets in Top 10 25.76% 35.79% 15.10%
% of Assets in Top 15 31.18% 40.90% 19.73%
% of Assets in Top 50 47.48% 59.21% 42.54%

Size Comparison

JMUB ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 0.00% N/A
Mid (>2.7B) N/A 0.04% N/A
Small (>600M) N/A 0.62% N/A
Micro (<600M) N/A 0.44% N/A

JMUB Valuation

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

JMUB
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
0.47
FactSet Segment Average
P/E Ratio
N/A

JMUB Dividend

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

JMUB ETF Database Category Average FactSet Segment Average
Dividend $ 0.07 $ 0.07 $ 0.03
Dividend Date 2021-09-01 N/A N/A
Annual Dividend Rate $ 1.00 $ 1.00 $ 0.40
Annual Dividend Yield 1.80% 2.08% 1.16%

JMUB Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 11.07 M 1 Month Net Flows: 11.07 M 3 Month Net Flows: 13.85 M 6 Month Net Flows: 27.63 M 1 Year Net Flows: 38.48 M 3 Year Net Flows: 71 M 5 Year Net Flows: 71 M 10 Year Net Flows: 71 M

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 ETFdb 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 ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

JMUB Expenses & Fees

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

Expenses Ratio Analysis

JMUB
Expense Ratio
0.18%
ETF Database Category Average
Expense Ratio
0.43%
FactSet Segment Average
Expense Ratio
0.20%

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.

JMUB ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.06% 0.13% -0.10%
3 Month Return 0.64% 0.93% 0.36%
YTD Return 1.67% 0.51% 0.86%
1 Year Return 3.45% 1.56% 2.08%
3 Year Return N/A 10.87% 3.94%
5 Year Return N/A 7.69% 1.98%

JMUB Price and Volume Chart

Geographic Exposure

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

Sector Breakdown

Asset Percentage
Municipal 86.03%
Other 13.83%
CASH 0.04%
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 86.03%
Other 13.83%
CASH 0.04%

JMUB Technicals

Volatility Analysis

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

5 Day Volatility
34.38%
Rank
19 of 90

20 Day Volatility
0.93%
Rank
68 of 90

50 Day Volatility
0.85%
Rank
73 of 90

200 Day Volatility
1.07%
Rank
70 of 90

Beta
0.05
Rank
63 of 90

Standard Deviation
0.67%
Rank
16 of 87

Technicals

  • 20 Day MA $55.36
  • 60 Day MA $55.39
  • MACD 15 Period 0.03
  • MACD 100 Period 0.19
  • Williams % Range 10 Day 15.63
  • Williams % Range 20 Day 26.06
  • RSI 10 Day 53
  • RSI 20 Day 52
  • RSI 30 Day 54
  • Ultimate Oscillator 53

Bollinger Bands

  • Lower Bollinger (10 Day) $55.30
  • Upper Bollinger (10 Day) $55.39
  • Lower Bollinger (20 Day) $55.29
  • Upper Bollinger (20 Day) $55.42
  • Lower Bollinger (30 Day) $55.27
  • Upper Bollinger (30 Day) $55.51

Support & Resistance

  • Support Level 1 $55.37
  • Support Level 2 $55.35
  • Resistance Level 1 $55.40
  • Resistance Level 2 $55.41

Stochastic

  • Stochastic Oscillator %D (1 Day) 45.04
  • Stochastic Oscillator %D (5 Day) 58.71
  • Stochastic Oscillator %K (1 Day) 53.96
  • Stochastic Oscillator %K (5 Day) 58.60

Financial Advisor Report

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Fact Sheet

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Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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