Sound Portfolio Advisors LLC Buys New Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Sound Portfolio Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, Holdings Channel reports. The firm bought 15,392 shares of the company’s stock, valued at approximately $784,000. JPMorgan Ultra-Short Municipal ETF makes up about 0.7% of Sound Portfolio Advisors LLC’s portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of JMST. Sage Mountain Advisors LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $30,055,000. Bank of America Corp DE grew its stake in JPMorgan Ultra-Short Municipal ETF by 13.8% in the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after buying an additional 460,157 shares during the last quarter. HB Wealth Management LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 25.7% in the 4th quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock valued at $110,943,000 after buying an additional 444,793 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 36.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,471 shares of the company’s stock valued at $54,514,000 after buying an additional 287,650 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 438.9% in the 4th quarter. TFO Wealth Partners LLC now owns 342,711 shares of the company’s stock valued at $17,458,000 after buying an additional 279,117 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.0%

BATS:JMST opened at $50.88 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.71 and a 1 year high of $51.13. The firm’s fifty day simple moving average is $50.95 and its 200 day simple moving average is $50.98.

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.