Beacon Investment Advisory Services Inc. Grows Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Beacon Investment Advisory Services Inc. lifted its stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 33.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 97,332 shares of the company’s stock after acquiring an additional 24,151 shares during the quarter. Beacon Investment Advisory Services Inc. owned 0.07% of JPMorgan Ultra-Short Municipal ETF worth $4,964,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JMST. AlphaCore Capital LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 17.3% during the fourth quarter. AlphaCore Capital LLC now owns 582,811 shares of the company’s stock worth $29,751,000 after buying an additional 85,971 shares during the period. Diversified Portfolios Inc. grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 17.3% in the fourth quarter. Diversified Portfolios Inc. now owns 297,129 shares of the company’s stock valued at $15,136,000 after buying an additional 43,792 shares in the last quarter. WCG Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 262.3% in the 4th quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock valued at $25,116,000 after buying an additional 356,972 shares during the period. LPL Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock valued at $154,058,000 after buying an additional 54,500 shares during the period. Finally, Dynasty Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $11,920,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.83 on Wednesday. The business has a 50-day moving average of $50.90 and a 200 day moving average of $50.93. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.79 and a 12 month high of $51.13.

JPMorgan Ultra-Short Municipal ETF 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.