Independent Financial Group LLC Acquires Shares of 13,781 JPMorgan Ultra-Short Municipal ETF $JMST

Independent Financial Group LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,781 shares of the company’s stock, valued at approximately $703,000.

A number of other large investors also recently bought and sold shares of the company. Sage Mountain Advisors LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $30,055,000. Corient Private Wealth LLC boosted its holdings in 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 purchasing an additional 520,911 shares in the last quarter. Bank of America Corp DE increased its position in JPMorgan Ultra-Short Municipal ETF by 13.8% during the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after purchasing an additional 460,157 shares during the period. HB Wealth Management LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 25.7% during the 4th quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock worth $110,943,000 after purchasing an additional 444,793 shares during the period. Finally, WCG Wealth Advisors LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 262.3% during the 4th quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock worth $25,116,000 after purchasing an additional 356,972 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST stock opened at $50.89 on Wednesday. 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 12-month low of $50.83 and a 12-month high of $51.13.

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.