MBM Wealth Consultants LLC Cuts Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

MBM Wealth Consultants LLC trimmed its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,042 shares of the company’s stock after selling 13,001 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises about 3.8% of MBM Wealth Consultants LLC’s portfolio, making the stock its 8th largest position. MBM Wealth Consultants LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $12,834,000 as of its most recent filing with the Securities & Exchange Commission.

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

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JMST stock opened at $50.82 on Wednesday. The company has a fifty day moving average of $50.79 and a 200 day moving average of $50.81.

JPMorgan Ultra-Short Municipal ETF Company 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.