NewEdge Advisors LLC Purchases 19,307 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

NewEdge Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 7.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 271,881 shares of the company’s stock after purchasing an additional 19,307 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $13,861,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in JPMorgan Ultra-Short Municipal ETF by 5.8% during the 1st quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock worth $213,332,000 after acquiring an additional 227,838 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock valued at $202,391,000 after purchasing an additional 192,499 shares during the last quarter. LPL Financial LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after purchasing an additional 54,500 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 17.2% in the first quarter. HB Wealth Management LLC now owns 2,551,982 shares of the company’s stock worth $130,100,000 after purchasing an additional 374,070 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in the first quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock worth $87,647,000 after purchasing an additional 287,225 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.89 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.80 and a 12 month high of $51.13. The firm has a fifty day simple moving average of $50.92 and a 200 day simple moving average of $50.96.

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.