Wealthcare Advisory Partners LLC Cuts Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Wealthcare Advisory Partners LLC lessened its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 49.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,474 shares of the company’s stock after selling 57,756 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.8% during the 1st quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock valued at $213,332,000 after buying an additional 227,838 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 5.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock worth $202,391,000 after acquiring an additional 192,499 shares during the period. LPL Financial LLC grew its position in 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 valued at $154,058,000 after acquiring an additional 54,500 shares in the last quarter. HB Wealth Management LLC grew its position in 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 valued at $130,100,000 after acquiring an additional 374,070 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 20.1% in the first quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after acquiring an additional 287,225 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

JMST opened at $50.88 on Thursday. The firm’s 50 day moving average is $50.92 and its 200-day moving average is $50.96. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.80 and a 52-week 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.