Valeo Financial Advisors LLC Purchases Shares of 121,913 JPMorgan Ultra-Short Municipal ETF $JMST

Valeo Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 121,913 shares of the company’s stock, valued at approximately $6,210,000.

A number of other large investors have also recently bought and sold shares of JMST. Sage Mountain Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at $30,055,000. Bank of America Corp DE grew its stake in JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after buying an additional 460,157 shares during the last quarter. HB Wealth Management LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 25.7% during the fourth quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock worth $110,943,000 after buying an additional 444,793 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 36.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,471 shares of the company’s stock worth $54,514,000 after buying an additional 287,650 shares during the last quarter. Finally, Simon Quick Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $10,480,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.90 on Monday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.71 and a 1-year high of $51.13. The firm’s 50-day moving average price is $50.97 and its two-hundred day moving average price is $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.