Valmark Advisers Inc. Buys New Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Valmark Advisers Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 67,730 shares of the company’s stock, valued at approximately $3,424,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JMST. Commonwealth Financial Services LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 2.1% in the first quarter. Commonwealth Financial Services LLC now owns 14,822 shares of the company’s stock valued at $756,000 after purchasing an additional 299 shares during the last quarter. USAdvisors Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.1% during the 3rd quarter. USAdvisors Wealth Management LLC now owns 29,657 shares of the company’s stock worth $1,499,000 after buying an additional 310 shares during the last quarter. IFP Advisors Inc lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 0.6% during the 2nd quarter. IFP Advisors Inc now owns 64,786 shares of the company’s stock worth $3,304,000 after buying an additional 362 shares during the last quarter. Quadcap Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 2.7% during the 1st quarter. Quadcap Wealth Management LLC now owns 15,703 shares of the company’s stock worth $801,000 after buying an additional 420 shares during the last quarter. Finally, Private Wealth Group LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 7.7% in the 2nd quarter. Private Wealth Group LLC now owns 5,972 shares of the company’s stock valued at $305,000 after buying an additional 428 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock remained flat at $50.86 during trading hours on Friday. 1,186,648 shares of the stock traded hands, compared to its average volume of 1,353,441. The company’s fifty day moving average price is $50.76 and its 200-day moving average price is $50.90. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.46 and a fifty-two week high of $51.13.

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.