Avidian Wealth Enterprises LLC Makes New $11.50 Million Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Avidian Wealth Enterprises LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) during the third quarter, according to its most recent filing with the SEC. The firm bought 227,414 shares of the company’s stock, valued at approximately $11,498,000.

Several other institutional investors have also recently bought and sold shares of JMST. Bank of America Corp DE lifted its position in 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 worth $213,332,000 after acquiring an additional 227,838 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% in the second quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after purchasing an additional 716,311 shares during the period. LPL Financial LLC increased its stake 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 purchasing an additional 54,500 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock worth $87,647,000 after purchasing an additional 287,225 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 14.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,261,630 shares of the company’s stock worth $64,318,000 after purchasing an additional 161,844 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

NYSEARCA:JMST traded down $0.01 during mid-day trading on Thursday, hitting $50.56. 579,050 shares of the company’s stock traded hands, compared to its average volume of 1,287,431. The firm has a 50 day moving average of $50.80 and a two-hundred day moving average of $50.88. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.46 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.