Summary
JMUB: Low Risk Brings A Distinctly Modest Income
JPMorgan Municipal ETF (JMUB) is not recommended due to its conservative strategy, prioritizing high credit quality and short-to-intermediate tenor over income. JMUB's low risk profile results in a trailing yield of 3.2%, with minimal credit and interest rate risk but limited upside. The fund holds approximately 1,750 positions, mirroring index-like diversification but sacrificing higher income potential for safety.
JPMAM Merges Muni Bond Fund Into Largest Active Muni Bond ETF in U.S.
The muni bond ETF world shook this morning with news that J.P. Morgan Asset Management (JPMAM) has merged a key muni bond fund into an existing muni bond ETF.
JPMorgan Municipal Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 155,996 | $7.87M | $7.52M | -$351,413.08 | -4.47% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 1,487 | $75,324 | $71,621.35 | -$3,702.65 | -4.92% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 1,098 | $55,900.29 | $52,962.03 | -$2,938.26 | -5.26% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 551,894 | $27.96M | $26.59M | -$1.37M | -4.89% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 26,346 | $1.32M | $1.27M | -$49,001.91 | -3.72% |
JPMorgan Municipal Bond ETF (JMUB) FAQ
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JPMorgan Municipal Bond ETF Profile
| BATS Exchange | US Country |
Overview
The company focuses on providing investors with an opportunity to participate in a fund mainly composed of municipal securities, which are not subject to federal income tax. It targets individuals looking to invest in a mix of government and private sector debt securities. The fund aims to maintain at least 80% of its assets in tax-exempt municipal securities, ensuring a consistent approach towards tax-efficient investment opportunities.
Products and Services
- Municipal Securities Investment
This product entails investing a significant portion of the fund’s assets in municipal securities that generate income exempt from federal income tax. It is suitable for investors seeking tax-advantaged income.
- Government and Private Issuers Debt
The fund also diversifies its investment by allocating assets in debt securities issued by both governmental entities and selected private issuers. This diversity aims to provide a balanced risk-return profile for the investors.
- Municipal Mortgage-Backed and Asset-Backed Securities
Part of the fund’s portfolio includes investments in municipal mortgage-backed and asset-backed securities. These securities offer a different level of income and risk, contributing to the fund's overall investment strategy and income generation capabilities.
Contact Information
