Private Wealth Group LLC Makes New $439,000 Investment in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Private Wealth Group LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,663 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds have also recently added to or reduced their stakes in JMST. LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% in the third quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after buying an additional 167,861 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 4.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock worth $88,517,000 after acquiring an additional 67,868 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 28.8% during the third quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock worth $58,594,000 after purchasing an additional 257,415 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after buying an additional 830,218 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in JPMorgan Ultra-Short Municipal ETF by 8.9% during the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after purchasing an additional 70,821 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.82 on Friday. The stock has a 50 day moving average price of $50.79 and a 200 day moving average price 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.