Beacon Investment Advisory Services Inc. lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report) by 33.0% during the second quarter, Holdings Channel reports. The fund owned 97,332 shares of the company’s stock after acquiring an additional 24,151 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,964,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the first quarter valued at $36,000. US Bancorp DE grew its stake in JPMorgan Ultra-Short Municipal ETF by 130.6% during the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after purchasing an additional 653 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $71,000. MidAtlantic Capital Management Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $80,000. Finally, Core Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $83,000.
JPMorgan Ultra-Short Municipal ETF Stock Performance
Shares of JMST opened at $50.83 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.79 and a 1 year high of $51.13. The stock has a 50-day simple moving average of $50.90 and a 200-day simple moving average of $50.93.
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.
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Want to see what other hedge funds are holding JMST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report).
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