StoneX Group Inc. Acquires New Shares in JPMorgan Ultra-Short Municipal ETF $JMST

StoneX Group Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) in the third quarter, HoldingsChannel reports. The firm acquired 14,496 shares of the company’s stock, valued at approximately $739,000.

Other hedge funds have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 14.7% during the third quarter. Tennessee Valley Asset Management Partners now owns 40,207 shares of the company’s stock worth $2,033,000 after purchasing an additional 5,165 shares during the period. LiftPoint Family Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 181.2% in the third quarter. LiftPoint Family Wealth Advisors LLC now owns 25,374 shares of the company’s stock worth $1,283,000 after purchasing an additional 16,349 shares during the last quarter. Phoenix Wealth Advisors increased its holdings in JPMorgan Ultra-Short Municipal ETF by 22.4% in the third quarter. Phoenix Wealth Advisors now owns 319,701 shares of the company’s stock valued at $16,164,000 after purchasing an additional 58,607 shares during the period. Syverson Strege & Co increased its holdings in JPMorgan Ultra-Short Municipal ETF by 9.3% in the third quarter. Syverson Strege & Co now owns 57,965 shares of the company’s stock valued at $2,931,000 after purchasing an additional 4,954 shares during the period. Finally, Birchwood Financial Partners Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF by 216.1% in the third quarter. Birchwood Financial Partners Inc. now owns 9,352 shares of the company’s stock valued at $473,000 after purchasing an additional 6,393 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

Shares of NYSEARCA:JMST opened at $50.93 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.46 and a 12-month high of $51.13. The business has a fifty day simple moving average of $50.76 and a 200 day simple moving average of $50.91.

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.