Wills Financial Group LLC Buys Shares of 60,249 JPMorgan Ultra-Short Municipal ETF $JMST

Wills Financial Group LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 60,249 shares of the company’s stock, valued at approximately $3,069,000. JPMorgan Ultra-Short Municipal ETF comprises approximately 1.2% of Wills Financial Group LLC’s portfolio, making the stock its 29th largest holding.

Other hedge funds have also modified their holdings of the company. Capital Analysts LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 9.4% in the fourth quarter. Capital Analysts LLC now owns 143,485 shares of the company’s stock valued at $7,309,000 after purchasing an additional 12,283 shares in the last quarter. Insight Advisors LLC PA increased its position in JPMorgan Ultra-Short Municipal ETF by 9.6% in the 4th quarter. Insight Advisors LLC PA now owns 147,604 shares of the company’s stock worth $7,519,000 after purchasing an additional 12,984 shares during the last quarter. LPL Financial LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after purchasing an additional 54,500 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 10.5% during the 4th quarter. Franklin Resources Inc. now owns 319,849 shares of the company’s stock valued at $16,293,000 after buying an additional 30,290 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 11.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,339,176 shares of the company’s stock valued at $68,218,000 after buying an additional 138,673 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.93 on Wednesday. The business has a 50 day simple moving average of $50.91 and a 200 day simple moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.77 and a 52 week high of $51.13.

JPMorgan Ultra-Short Municipal ETF 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.