JPMorgan Ultra-Short Municipal ETF $JMST Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 17.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,551,982 shares of the company’s stock after buying an additional 374,070 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for 0.8% of HB Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding. HB Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $130,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the company. Directional Asset Management bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth about $2,157,000. Revolve Wealth Partners LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $693,000. Bolthouse Investments LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 117.0% during the 4th quarter. Bolthouse Investments LLC now owns 36,445 shares of the company’s stock valued at $1,857,000 after purchasing an additional 19,650 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 23.1% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 97,202 shares of the company’s stock valued at $4,951,000 after purchasing an additional 18,212 shares in the last quarter. Finally, Great Point Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 16.6% in the 4th quarter. Great Point Wealth Advisors LLC now owns 161,970 shares of the company’s stock worth $8,251,000 after purchasing an additional 23,030 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.93 on Friday. The firm’s 50 day moving average is $50.92 and its 200-day moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.80 and a 12-month 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.