Websterrogers Financial Advisors LLC Sells 496 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Websterrogers Financial Advisors LLC lowered its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 123,855 shares of the company’s stock after selling 496 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises approximately 2.2% of Websterrogers Financial Advisors LLC’s investment portfolio, making the stock its 18th largest position. Websterrogers Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $6,281,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock worth $98,095,000 after purchasing an additional 167,861 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock valued at $88,517,000 after buying an additional 67,868 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 28.8% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock worth $58,594,000 after buying an additional 257,415 shares in the last quarter. Salomon & Ludwin LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 438.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock worth $51,939,000 after buying an additional 830,218 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after acquiring an additional 70,821 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.76 on Thursday. The company’s 50-day moving average is $50.79 and its 200-day moving average is $50.81.

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.