Sax Wealth Advisors LLC Buys 154,478 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Sax Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 3,773.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,572 shares of the company’s stock after acquiring an additional 154,478 shares during the quarter. Sax Wealth Advisors LLC owned approximately 0.10% of JPMorgan Ultra-Short Municipal ETF worth $8,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in JMST. HB Wealth Management LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 28.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock valued at $166,683,000 after purchasing an additional 716,311 shares during the period. Corient Private Wealth LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 139.9% in the 4th quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock worth $45,506,000 after purchasing an additional 520,911 shares during the period. Gradient Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at $20,465,000. Resonant Capital Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after purchasing an additional 287,225 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock worth $213,332,000 after buying an additional 227,838 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

NYSEARCA JMST traded up $0.04 during mid-day trading on Tuesday, reaching $50.67. 1,035,071 shares of the stock were exchanged, compared to its average volume of 1,295,048. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.46 and a one year high of $51.13. The stock has a 50 day simple moving average of $50.78 and a 200-day simple moving average of $50.87.

About JPMorgan Ultra-Short Municipal ETF

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.