Investment Advisory Services Group LLC Makes New Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Investment Advisory Services Group LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 17,098 shares of the company’s stock, valued at approximately $871,000. JPMorgan Ultra-Short Municipal ETF accounts for approximately 0.8% of Investment Advisory Services Group LLC’s portfolio, making the stock its 21st largest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in JPMorgan Ultra-Short Municipal ETF by 13.8% during the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after purchasing an additional 460,157 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 4.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,780,629 shares of the company’s stock valued at $192,963,000 after acquiring an additional 168,124 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 25.7% in the 4th quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock valued at $110,943,000 after acquiring an additional 444,793 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,432,023 shares of the company’s stock valued at $73,068,000 after acquiring an additional 11,620 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 18.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,268,731 shares of the company’s stock valued at $64,693,000 after acquiring an additional 198,260 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.89 on Wednesday. The business has a 50-day moving average of $50.96 and a 200-day moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.71 and a fifty-two week high of $51.13.

JPMorgan Ultra-Short Municipal ETF Company Profile

The JPMorgan Ultra-Short Municipal Income ETF (JMST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less. JMST was launched on Oct 16, 2018 and is managed by JPMorgan Chase.