Savvy Advisors Inc. Boosts Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Savvy Advisors Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 312.0% in the second quarter, HoldingsChannel reports. The firm owned 70,147 shares of the company’s stock after acquiring an additional 53,123 shares during the period. Savvy Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,572,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 31.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,147,636 shares of the company’s stock worth $160,057,000 after acquiring an additional 748,311 shares in the last quarter. LPL Financial LLC increased its holdings 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. Resonant Capital Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.9% in the second quarter. Resonant Capital Advisors LLC now owns 1,291,697 shares of the company’s stock valued at $65,773,000 after purchasing an additional 11,940 shares during the period. Grimes & Company Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $55,491,000. Finally, Bailard Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 20.8% in the first quarter. Bailard Inc. now owns 1,036,968 shares of the company’s stock worth $52,730,000 after buying an additional 178,723 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.98 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.42 and a 52 week high of $50.98. The stock’s 50-day moving average price is $50.99 and its 200-day moving average price is $50.85.

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.