Forvis Mazars Wealth Advisors LLC Makes New $230,000 Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Forvis Mazars Wealth Advisors LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,524 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds have also added to or reduced their stakes in JMST. Grimes & Company Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $55,491,000. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 31.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,147,636 shares of the company’s stock valued at $160,057,000 after purchasing an additional 748,311 shares during the period. Avidian Wealth Enterprises LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 981.9% in the first quarter. Avidian Wealth Enterprises LLC now owns 585,649 shares of the company’s stock valued at $29,780,000 after purchasing an additional 531,517 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 158.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 782,821 shares of the company’s stock valued at $39,791,000 after purchasing an additional 479,460 shares during the period. Finally, LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 16.4% in the first quarter. LPL Financial LLC now owns 2,710,883 shares of the company’s stock valued at $137,848,000 after purchasing an additional 382,544 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.96 on Tuesday. The company’s 50 day moving average is $50.99 and its 200-day moving average is $50.83. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.42 and a 12-month high of $50.98.

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.