Capstone Financial Advisors Inc. Grows Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Capstone Financial Advisors Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 128.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,448 shares of the company’s stock after acquiring an additional 13,739 shares during the quarter. Capstone Financial Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JMST. Cahill Financial Advisors Inc. lifted its position in JPMorgan Ultra-Short Municipal ETF by 23.2% in the second quarter. Cahill Financial Advisors Inc. now owns 37,791 shares of the company’s stock worth $1,927,000 after buying an additional 7,115 shares during the last quarter. MCF Advisors LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 82.8% during the second quarter. MCF Advisors LLC now owns 6,890 shares of the company’s stock worth $351,000 after buying an additional 3,120 shares during the period. NewEdge Advisors LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 2.5% during the second quarter. NewEdge Advisors LLC now owns 278,708 shares of the company’s stock valued at $14,214,000 after acquiring an additional 6,827 shares during the last quarter. IFP Advisors Inc increased its position in JPMorgan Ultra-Short Municipal ETF by 0.6% during the second quarter. IFP Advisors Inc now owns 64,786 shares of the company’s stock valued at $3,304,000 after acquiring an additional 362 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 33.0% in the second quarter. Beacon Investment Advisory Services Inc. now owns 97,332 shares of the company’s stock valued at $4,964,000 after acquiring an additional 24,151 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.80 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.79 and a 12-month high of $51.13. The firm has a 50-day moving average price of $50.90 and a 200-day moving average price of $50.93.

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.