Financial Solutions Advisory Group Inc. Makes New Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Financial Solutions Advisory Group Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the first quarter, HoldingsChannel reports. The firm purchased 42,928 shares of the company’s stock, valued at approximately $2,188,000.

A number of other institutional investors also recently made changes to their positions in JMST. Directional Asset Management bought a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $2,157,000. Bolthouse Investments LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 117.0% in the 4th quarter. Bolthouse Investments LLC now owns 36,445 shares of the company’s stock worth $1,857,000 after buying an additional 19,650 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth $693,000. Great Point Wealth Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 16.6% in the 4th quarter. Great Point Wealth Advisors LLC now owns 161,970 shares of the company’s stock worth $8,251,000 after buying an additional 23,030 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 21.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 192,256 shares of the company’s stock valued at $9,793,000 after buying an additional 34,232 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.0%

Shares of JMST stock opened at $50.91 on Friday. The stock has a 50-day simple moving average of $50.92 and a 200 day simple moving average of $50.97. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.83 and a fifty-two 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.