Priebe Wealth Holdings LLC Raises Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Priebe Wealth Holdings LLC raised its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 123.3% in the second quarter, Holdings Channel reports. The fund owned 20,946 shares of the company’s stock after buying an additional 11,566 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up approximately 0.9% of Priebe Wealth Holdings LLC’s portfolio, making the stock its 24th biggest holding. Priebe Wealth Holdings LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 31.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,147,636 shares of the company’s stock worth $160,057,000 after acquiring an additional 748,311 shares during the last quarter. LPL Financial LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 16.4% in the first quarter. LPL Financial LLC now owns 2,710,883 shares of the company’s stock worth $137,848,000 after acquiring an additional 382,544 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 9.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,279,757 shares of the company’s stock worth $65,076,000 after buying an additional 108,157 shares during the last quarter. Grimes & Company Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth approximately $55,491,000. Finally, Bailard Inc. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.8% during the 1st quarter. Bailard Inc. now owns 1,036,968 shares of the company’s stock worth $52,730,000 after buying an additional 178,723 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS:JMST opened at $50.93 on Monday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $50.98. The firm has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $50.82.

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.