Valeo Financial Advisors LLC Makes New $6.21 Million Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Valeo Financial Advisors LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 121,913 shares of the company’s stock, valued at approximately $6,210,000. Valeo Financial Advisors LLC owned 0.15% of JPMorgan Ultra-Short Municipal ETF as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rice Partnership LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $43,000. Financial Network Wealth Advisors LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after buying an additional 1,013 shares during the period. US Bancorp DE increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% during 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 during the period. Park Place Capital Corp increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 118.3% during the 4th quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock worth $90,000 after purchasing an additional 952 shares during the period. Finally, Triumph Capital Management bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $96,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.90 on Monday. The firm’s 50-day moving average is $50.97 and its 200-day moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.71 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.