Able Wealth Management LLC Increases Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Able Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 17.7% during the first quarter, Holdings Channel.com reports. The fund owned 113,551 shares of the company’s stock after purchasing an additional 17,084 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises 1.5% of Able Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Able Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in JPMorgan Ultra-Short Municipal ETF by 130.6% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after acquiring an additional 653 shares during the period. Godfrey Financial Associates Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $71,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $80,000. Core Wealth Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $83,000. Finally, Park Place Capital Corp grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 118.3% in the fourth quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock valued at $90,000 after purchasing an additional 952 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.90 on Thursday. The firm has a 50-day simple moving average of $50.92 and a 200-day simple moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.80 and a 52 week high of $51.13.

About JPMorgan Ultra-Short Municipal ETF

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.