Sax Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report) by 3,773.3% in the 3rd quarter, Holdings Channel reports. The firm owned 158,572 shares of the company’s stock after acquiring an additional 154,478 shares during the period. Sax Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $8,017,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its position in 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 worth $213,332,000 after purchasing an additional 227,838 shares during the period. HB Wealth Management LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 28.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock valued at $166,683,000 after acquiring an additional 716,311 shares during the period. Resonant Capital Advisors LLC raised its stake in 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 valued at $87,647,000 after buying an additional 287,225 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 14.7% in the first 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 in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 139.9% in the fourth quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock worth $45,506,000 after acquiring an additional 520,911 shares during the period.
JPMorgan Ultra-Short Municipal ETF Stock Up 0.1%
JMST stock traded up $0.04 during midday trading on Tuesday, reaching $50.67. 1,035,071 shares of the company’s stock traded hands, compared to its average volume of 1,295,048. The stock’s 50-day moving average is $50.78 and its 200 day moving average is $50.87. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.46 and a 52-week 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.
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