Sequoia Financial Advisors LLC Cuts Position in JPMorgan Ultra-Short Municipal ETF $JMST

Sequoia Financial Advisors LLC trimmed its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,716 shares of the company’s stock after selling 2,268 shares during the period. Sequoia Financial Advisors LLC owned about 0.20% of JPMorgan Ultra-Short Municipal ETF worth $8,235,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JMST. Grimes & Company Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth approximately $55,491,000. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan Ultra-Short Municipal ETF by 31.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,147,636 shares of the company’s stock valued at $160,057,000 after purchasing an additional 748,311 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 981.9% during the first quarter. Avidian Wealth Enterprises LLC now owns 585,649 shares of the company’s stock worth $29,780,000 after purchasing an additional 531,517 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 158.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 782,821 shares of the company’s stock worth $39,791,000 after buying an additional 479,460 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 16.4% during the 1st quarter. LPL Financial LLC now owns 2,710,883 shares of the company’s stock worth $137,848,000 after buying an additional 382,544 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS:JMST opened at $50.96 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $50.98. The firm has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $50.82.

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.