Elmwood Wealth Management Inc. Raises Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Elmwood Wealth Management Inc. grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 14.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,330 shares of the company’s stock after buying an additional 15,111 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for 2.6% of Elmwood Wealth Management Inc.’s portfolio, making the stock its 6th biggest position. Elmwood Wealth Management Inc. owned approximately 0.18% of JPMorgan Ultra-Short Municipal ETF worth $6,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in JPMorgan Ultra-Short Municipal ETF by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 712,875 shares of the company’s stock worth $36,150,000 after acquiring an additional 90,863 shares during the period. Jones Financial Companies Lllp raised its holdings in JPMorgan Ultra-Short Municipal ETF by 168.9% in the 4th quarter. Jones Financial Companies Lllp now owns 79,755 shares of the company’s stock worth $4,044,000 after purchasing an additional 50,100 shares in the last quarter. Keybank National Association OH raised its holdings in JPMorgan Ultra-Short Municipal ETF by 117.4% in the 4th quarter. Keybank National Association OH now owns 123,044 shares of the company’s stock worth $6,240,000 after purchasing an additional 66,453 shares in the last quarter. Souders Financial Advisors lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 10.1% in the 4th quarter. Souders Financial Advisors now owns 12,507 shares of the company’s stock worth $634,000 after purchasing an additional 1,148 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 591.3% during the 4th quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock valued at $56,000 after purchasing an additional 946 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1%

Shares of BATS JMST opened at $50.82 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $50.98. The company’s 50-day moving average is $50.79 and its 200 day moving average is $50.78.

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.