Northwestern Mutual Wealth Management Co. Purchases 192,499 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,973,128 shares of the company’s stock after acquiring an additional 192,499 shares during the period. Northwestern Mutual Wealth Management Co. owned 4.98% of JPMorgan Ultra-Short Municipal ETF worth $202,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at about $693,000. Directional Asset Management bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at about $2,157,000. Red Door Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $749,000. Capital Asset Advisory Services LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 14.1% in the fourth quarter. Capital Asset Advisory Services LLC now owns 281,874 shares of the company’s stock worth $14,373,000 after purchasing an additional 34,766 shares during the last quarter. Finally, Great Point Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 16.6% in the fourth quarter. Great Point Wealth Advisors LLC now owns 161,970 shares of the company’s stock worth $8,251,000 after purchasing an additional 23,030 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.94 on Friday. The stock’s fifty day simple moving average is $50.92 and its two-hundred day simple moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.71 and a 1-year high of $51.13.

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.