67,730 Shares of JPMorgan Ultra-Short Municipal ETF $JMST Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 67,730 shares of the company’s stock, valued at approximately $3,424,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in JMST. Bank of America Corp DE lifted 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 purchasing an additional 227,838 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% in the 2nd 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 during the period. Bank of New York Mellon Corp grew its stake in JPMorgan Ultra-Short Municipal ETF by 14.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,261,630 shares of the company’s stock worth $64,318,000 after buying an additional 161,844 shares during the last quarter. Salomon & Ludwin LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 1.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,213,760 shares of the company’s stock worth $61,368,000 after buying an additional 11,760 shares during the last quarter. Finally, AlphaCore Capital LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 13.1% during the 3rd quarter. AlphaCore Capital LLC now owns 844,642 shares of the company’s stock worth $42,705,000 after buying an additional 97,595 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST remained flat at $50.86 during trading on Friday. The company’s stock had a trading volume of 1,186,648 shares, compared to its average volume of 1,353,441. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.46 and a 52 week high of $51.13. The company’s fifty day simple moving average is $50.76 and its two-hundred day simple moving average is $50.90.

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.