29,800 Shares in JPMorgan Ultra-Short Municipal ETF $JMST Acquired by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,800 shares of the company’s stock, valued at approximately $1,507,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% in the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after buying an additional 716,311 shares during the period. Corient Private Wealth LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 139.9% in the 4th quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock valued at $45,506,000 after acquiring an additional 520,911 shares during the period. Gradient Investments LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth $20,465,000. Resonant Capital Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock worth $87,647,000 after purchasing an additional 287,225 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in JPMorgan Ultra-Short Municipal ETF by 5.8% in the first quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock worth $213,332,000 after purchasing an additional 227,838 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

Shares of NYSEARCA JMST traded up $0.01 during trading hours on Wednesday, hitting $50.67. 1,990,054 shares of the stock were exchanged, compared to its average volume of 1,304,588. The firm has a fifty day moving average price of $50.78 and a 200-day moving average price of $50.87. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.46 and a 12 month 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.