Beacon Investment Advisory Services Inc. Raises Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Beacon Investment Advisory Services Inc. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 33.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,332 shares of the company’s stock after purchasing an additional 24,151 shares during the period. Beacon Investment Advisory Services Inc. owned about 0.12% of JPMorgan Ultra-Short Municipal ETF worth $4,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in JMST. AQR Capital Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 48.3% in the 1st quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock valued at $713,000 after buying an additional 4,561 shares during the period. Main Street Financial Solutions LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 31.1% during the second quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock worth $1,060,000 after acquiring an additional 4,942 shares during the period. Peapack Gladstone Financial Corp raised its position in JPMorgan Ultra-Short Municipal ETF by 70.9% during the second quarter. Peapack Gladstone Financial Corp now owns 15,787 shares of the company’s stock valued at $804,000 after acquiring an additional 6,547 shares in the last quarter. Raymond James Financial Inc. raised its position in JPMorgan Ultra-Short Municipal ETF by 30.4% during the second quarter. Raymond James Financial Inc. now owns 714,466 shares of the company’s stock valued at $36,381,000 after acquiring an additional 166,441 shares in the last quarter. Finally, NCM Capital Management LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 8.4% in the second quarter. NCM Capital Management LLC now owns 48,690 shares of the company’s stock valued at $2,479,000 after acquiring an additional 3,775 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.89 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.80 and a 12-month high of $51.13. The business has a 50 day moving average of $50.92 and a two-hundred day moving average of $50.96.

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.