Sequoia Financial Advisors LLC Lowers Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Sequoia Financial Advisors LLC trimmed its stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 5.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 257,948 shares of the company’s stock after selling 14,247 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $13,155,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 1st quarter worth about $36,000. US Bancorp DE boosted its stake in JPMorgan Ultra-Short Municipal ETF by 130.6% in the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after purchasing an additional 653 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $71,000. MidAtlantic Capital Management Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $80,000. Finally, Core Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $83,000.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.1%

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.76 on Friday. The company has a 50-day simple moving average of $50.89 and a two-hundred day simple moving average of $50.93. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.76 and a 52-week high of $51.13.

JPMorgan Ultra-Short Municipal ETF Company 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.