Industry description
The investment seeks to provide monthly dividends, which are excluded from gross income, and to protect the value of the investors' investment by investing primarily in municipal obligations.
Under normal circumstances, the fund invests at least 80% of its assets in municipal securities, the income from which is exempt from federal income tax. The fund may invest in debt securities issued by governmental entities, certain issuers identified with the U.S. government and private issuers. It may invest in municipal mortgage-backed and asset-backed securities.
High and low price notable news
The average weekly price growth across all stocks in the JPMorgan Municipal ETF ETF was 0%. For the same ETF, the average monthly price growth was -0%, and the average quarterly price growth was 2%. RTX experienced the highest price growth at -4%, while RTX experienced the biggest fall at -4%.