Argent Advisors Inc. Invests $865,000 in JPMorgan Ultra-Short Municipal ETF $JMST

Argent Advisors Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the first quarter, Holdings Channel.com reports. The firm acquired 16,973 shares of the company’s stock, valued at approximately $865,000.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 5.1% during the fourth 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% in the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after buying an additional 460,157 shares in the last quarter. LPL Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after buying an additional 54,500 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 25.7% in the 4th quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock worth $110,943,000 after buying an additional 444,793 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 10.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,481,928 shares of the company’s stock worth $75,489,000 after buying an additional 136,125 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.2%

Shares of JMST stock opened at $50.90 on Thursday. The stock’s fifty day simple moving average is $50.92 and its 200 day simple moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.80 and a one year 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.