AdvisorNet Financial Inc Has $647,000 Stake in JPMorgan Ultra-Short Municipal ETF $JMST

AdvisorNet Financial Inc boosted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 35.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,716 shares of the company’s stock after purchasing an additional 3,322 shares during the quarter. AdvisorNet Financial Inc’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in JMST. MY Wealth Management Inc. grew its holdings in JPMorgan Ultra-Short Municipal ETF by 688.8% during the 2nd quarter. MY Wealth Management Inc. now owns 299,420 shares of the company’s stock worth $15,246,000 after acquiring an additional 261,462 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 6.8% in the second quarter. Masso Torrence Wealth Management Inc. now owns 17,194 shares of the company’s stock valued at $876,000 after buying an additional 1,100 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter valued at about $1,290,000. Narus Financial Partners LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 16.9% during the second quarter. Narus Financial Partners LLC now owns 53,689 shares of the company’s stock worth $2,734,000 after buying an additional 7,747 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF by 1.2% during the second quarter. Rooted Wealth Advisors Inc. now owns 21,213 shares of the company’s stock worth $1,080,000 after buying an additional 246 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.6%

JMST opened at $51.05 on Wednesday. The firm has a 50-day moving average price of $50.98 and a 200-day moving average price of $50.81. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $50.98.

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.