Sequoia Financial Advisors LLC Acquires 79,939 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Sequoia Financial Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 41.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 272,195 shares of the company’s stock after purchasing an additional 79,939 shares during the period. Sequoia Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $13,877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Manning & Napier Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 1.8% in the first quarter. Manning & Napier Advisors LLC now owns 107,150 shares of the company’s stock worth $5,463,000 after buying an additional 1,933 shares in the last quarter. Kestra Advisory Services LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 11.0% during the 1st quarter. Kestra Advisory Services LLC now owns 40,267 shares of the company’s stock valued at $2,053,000 after acquiring an additional 3,981 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 18.5% in the 1st quarter. Axxcess Wealth Management LLC now owns 383,264 shares of the company’s stock valued at $19,539,000 after acquiring an additional 59,934 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after acquiring an additional 287,225 shares during the period. Finally, Investment Advisory Services Group LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 2.8% in the 1st quarter. Investment Advisory Services Group LLC now owns 17,570 shares of the company’s stock worth $896,000 after acquiring an additional 472 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

Shares of BATS JMST traded up $0.01 during mid-day trading on Friday, reaching $50.93. 1,437,202 shares of the company were exchanged, compared to its average volume of 1,304,735. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.83 and a 1 year high of $51.13. The firm has a 50-day moving average of $50.92 and a 200 day moving average of $50.98.

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.