JPMorgan Ultra-Short Municipal ETF $JMST Shares Newly Purchased by Gradient Investments LLC

Gradient Investments LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 404,776 shares of the company’s stock, valued at approximately $20,465,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JMST. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 28.1% in the second quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock valued at $166,683,000 after purchasing an additional 716,311 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 139.9% during the fourth quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock worth $45,506,000 after purchasing an additional 520,911 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% during the first quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock worth $87,647,000 after purchasing an additional 287,225 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.8% in the 1st quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock valued at $213,332,000 after buying an additional 227,838 shares during the period. Finally, Avidian Wealth Enterprises LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at $11,498,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST traded down $0.01 during trading hours on Thursday, reaching $50.56. The stock had a trading volume of 614,289 shares, compared to its average volume of 1,287,667. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.46 and a 52 week high of $51.13. The firm has a 50-day moving average of $50.80 and a 200 day moving average of $50.88.

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.