MBM Wealth Consultants LLC Lowers Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

MBM Wealth Consultants LLC reduced its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,529 shares of the company’s stock after selling 19,319 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises about 2.9% of MBM Wealth Consultants LLC’s holdings, making the stock its 11th largest holding. MBM Wealth Consultants LLC owned about 0.30% of JPMorgan Ultra-Short Municipal ETF worth $12,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JMST. AQR Capital Management LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 48.3% in the first quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock valued at $713,000 after purchasing an additional 4,561 shares during the period. Main Street Financial Solutions LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 31.1% in the second quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock valued at $1,060,000 after purchasing an additional 4,942 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 70.9% in the second quarter. Peapack Gladstone Financial Corp now owns 15,787 shares of the company’s stock valued at $804,000 after purchasing an additional 6,547 shares during the period. Raymond James Financial Inc. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 30.4% in the second quarter. Raymond James Financial Inc. now owns 714,466 shares of the company’s stock valued at $36,381,000 after purchasing an additional 166,441 shares during the period. Finally, NCM Capital Management LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 8.4% in the second quarter. NCM Capital Management LLC now owns 48,690 shares of the company’s stock valued at $2,479,000 after purchasing an additional 3,775 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.92 on Friday. The stock has a fifty day moving average price of $51.01 and a 200 day moving average price of $50.98. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.58 and a 12-month high of $51.13.

About JPMorgan Ultra-Short Municipal ETF

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.