Diversified Portfolios Inc. Buys 43,792 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Diversified Portfolios Inc. raised its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 17.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 297,129 shares of the company’s stock after purchasing an additional 43,792 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for about 1.3% of Diversified Portfolios Inc.’s investment portfolio, making the stock its 18th biggest holding. Diversified Portfolios Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $15,136,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $693,000. Directional Asset Management purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $2,157,000. Red Door Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $749,000. Capital Asset Advisory Services LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 14.1% in the fourth quarter. Capital Asset Advisory Services LLC now owns 281,874 shares of the company’s stock valued at $14,373,000 after acquiring an additional 34,766 shares in the last quarter. Finally, Canvas Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 86.1% in the fourth quarter. Canvas Wealth Advisors LLC now owns 27,400 shares of the company’s stock valued at $1,399,000 after acquiring an additional 12,675 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.88 on Tuesday. The stock’s 50-day simple moving average is $50.93 and its 200-day simple moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.71 and a 52 week high of $51.13.

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.