Arbor Investment Advisors LLC Acquires Shares of 15,720 JPMorgan Municipal ETF $JMUB

Arbor Investment Advisors LLC acquired a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,720 shares of the company’s stock, valued at approximately $794,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JMUB. Captrust Financial Advisors lifted its holdings in shares of JPMorgan Municipal ETF by 375.8% during the third quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock valued at $53,560,000 after acquiring an additional 838,165 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Municipal ETF by 34.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock valued at $161,951,000 after acquiring an additional 826,847 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of JPMorgan Municipal ETF by 43.7% during the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after acquiring an additional 683,129 shares during the period. Bank of America Corp DE lifted its holdings in shares of JPMorgan Municipal ETF by 152.3% during the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock valued at $54,687,000 after acquiring an additional 665,100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Municipal ETF by 33.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock valued at $128,035,000 after acquiring an additional 641,736 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of BATS JMUB opened at $50.31 on Monday. The stock has a market cap of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. The business has a fifty day moving average of $50.61 and a two-hundred day moving average of $50.62. JPMorgan Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.34.

About JPMorgan Municipal ETF

The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds an actively managed portfolio of various US municipal securities. JMUB was launched on Oct 29, 2018 and is managed by JPMorgan Chase.