Gradient Investments LLC Acquires 84,397 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Gradient Investments LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 31.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 356,845 shares of the company’s stock after purchasing an additional 84,397 shares during the period. Gradient Investments LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $18,199,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock valued at $213,332,000 after purchasing an additional 227,838 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 5.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock valued at $202,391,000 after purchasing an additional 192,499 shares during the period. LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock valued at $154,058,000 after purchasing an additional 54,500 shares during the period. HB Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 17.2% during the 1st quarter. HB Wealth Management LLC now owns 2,551,982 shares of the company’s stock valued at $130,100,000 after buying an additional 374,070 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in 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 worth $87,647,000 after buying an additional 287,225 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

Shares of JMST stock opened at $50.89 on Friday. The stock has a fifty day simple moving average of $50.92 and a two-hundred day simple moving average of $50.96. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.80 and a 52-week 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.