Sandy Cove Advisors LLC Takes $230,000 Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Sandy Cove Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, Holdings Channel reports. The firm purchased 4,540 shares of the company’s stock, valued at approximately $230,000.

A number of other large investors have also made changes to their positions in the stock. Wealth Alliance Advisory Group LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 1.3% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 86,183 shares of the company’s stock worth $4,370,000 after purchasing an additional 1,113 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $5,022,000. HB Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 395.8% during the fourth quarter. HB Wealth Management LLC now owns 580,541 shares of the company’s stock worth $29,439,000 after purchasing an additional 463,452 shares during the last quarter. Helen Stephens Group LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% in the 4th quarter. Helen Stephens Group LLC now owns 53,870 shares of the company’s stock valued at $2,732,000 after acquiring an additional 6,529 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 7.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 56,865 shares of the company’s stock valued at $2,884,000 after acquiring an additional 3,727 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS:JMST opened at $50.81 on Friday. The business has a 50-day simple moving average of $50.79 and a two-hundred day simple moving average of $50.81.

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.