Capital Asset Advisory Services LLC Raises Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Capital Asset Advisory Services LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 23.8% during the first quarter, Holdings Channel.com reports. The firm owned 348,929 shares of the company’s stock after purchasing an additional 67,055 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $17,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMST. Directional Asset Management purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth approximately $2,157,000. Revolve Wealth Partners LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $693,000. Bolthouse Investments LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 117.0% in the fourth quarter. Bolthouse Investments LLC now owns 36,445 shares of the company’s stock valued at $1,857,000 after acquiring an additional 19,650 shares in the last quarter. Great Point Wealth Advisors LLC boosted its stake 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 valued at $8,251,000 after acquiring an additional 23,030 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. grew its holdings in JPMorgan Ultra-Short Municipal ETF by 23.1% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 97,202 shares of the company’s stock worth $4,951,000 after purchasing an additional 18,212 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.2%

BATS JMST opened at $50.90 on Thursday. The firm’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 12-month low of $50.80 and a 12-month 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.