JPMorgan Ultra-Short Municipal ETF $JMST is Resonant Capital Advisors LLC’s 2nd Largest Position

Resonant Capital Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 20.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,719,248 shares of the company’s stock after buying an additional 287,225 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for about 4.6% of Resonant Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Resonant Capital Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $87,647,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Ultra-Short Municipal ETF by 5.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock valued at $202,391,000 after buying an additional 192,499 shares during the period. Bank of America Corp DE grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after buying an additional 460,157 shares during the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after buying an additional 54,500 shares during the period. HB Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 17.2% in the first quarter. HB Wealth Management LLC now owns 2,551,982 shares of the company’s stock worth $130,100,000 after buying an additional 374,070 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 10.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,481,928 shares of the company’s stock valued at $75,489,000 after acquiring an additional 136,125 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.0%

Shares of BATS JMST traded down $0.01 during midday trading on Tuesday, reaching $50.92. The company had a trading volume of 227,377 shares, compared to its average volume of 1,304,345. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.81 and a one year high of $51.13. The firm’s fifty day moving average price is $50.92 and its 200-day moving average price is $50.98.

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.