Tenet Wealth Partners LLC Invests $792,000 in JPMorgan Ultra-Short Municipal ETF $JMST

Tenet Wealth Partners LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) during the 2nd quarter, Holdings Channel reports. The firm bought 15,561 shares of the company’s stock, valued at approximately $792,000.

Several other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 21.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 192,256 shares of the company’s stock worth $9,793,000 after buying an additional 34,232 shares during the period. AlphaCore Capital LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 17.3% in the fourth quarter. AlphaCore Capital LLC now owns 582,811 shares of the company’s stock valued at $29,751,000 after acquiring an additional 85,971 shares during the period. Diversified Portfolios Inc. grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 17.3% in the fourth quarter. Diversified Portfolios Inc. now owns 297,129 shares of the company’s stock valued at $15,136,000 after acquiring an additional 43,792 shares in the last quarter. WCG Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 262.3% in the fourth quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock valued at $25,116,000 after acquiring an additional 356,972 shares in the last quarter. Finally, LPL Financial LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after acquiring an additional 54,500 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.1%

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.83 on Friday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.79 and a twelve month high of $51.13. The company has a 50-day simple moving average of $50.90 and a two-hundred day simple moving average of $50.94.

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.