Worth Asset Management LLC Makes New $823,000 Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Worth Asset Management LLC bought a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 1st quarter, HoldingsChannel reports. The firm bought 16,141 shares of the company’s stock, valued at approximately $823,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JMST. Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan Ultra-Short Municipal ETF by 5.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock worth $202,391,000 after buying an additional 192,499 shares during the period. Bank of America Corp DE grew its stake in JPMorgan Ultra-Short Municipal ETF by 13.8% in the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after acquiring an additional 460,157 shares during the period. LPL Financial LLC grew its stake in 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 valued at $154,058,000 after acquiring an additional 54,500 shares during the period. HB Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 25.7% in the fourth quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock worth $110,943,000 after acquiring an additional 444,793 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 10.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,481,928 shares of the company’s stock worth $75,489,000 after acquiring an additional 136,125 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.96 on Tuesday. The stock’s 50-day moving average is $50.92 and its 200-day moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.79 and a one year high of $51.13.

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.