Sequoia Financial Advisors LLC Raises Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Sequoia Financial Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,256 shares of the company’s stock after acquiring an additional 34,232 shares during the period. Sequoia Financial Advisors LLC owned 0.24% of JPMorgan Ultra-Short Municipal ETF worth $9,793,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Bank of America Corp DE lifted its position in JPMorgan Ultra-Short Municipal ETF by 13.8% during the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after acquiring an additional 460,157 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Ultra-Short Municipal ETF by 4.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,780,629 shares of the company’s stock valued at $192,963,000 after acquiring an additional 168,124 shares during the period. HB Wealth Management LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 25.7% during the 4th quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock valued at $110,943,000 after acquiring an additional 444,793 shares during the period. Resonant Capital Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 0.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,432,023 shares of the company’s stock valued at $73,068,000 after acquiring an additional 11,620 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 18.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,268,731 shares of the company’s stock valued at $64,693,000 after acquiring an additional 198,260 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.90 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.71 and a 1 year high of $51.13. The firm has a 50-day moving average of $50.97 and a 200 day moving average of $50.98.

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.