Able Wealth Management LLC Raises Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Able Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 17.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 113,551 shares of the company’s stock after buying an additional 17,084 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises about 1.5% of Able Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Able Wealth Management LLC owned 0.14% of JPMorgan Ultra-Short Municipal ETF worth $5,789,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in JMST. Northwestern Mutual Wealth Management Co. lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.1% in 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. Bank of America Corp DE boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 13.8% during the third 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 grew its position in JPMorgan Ultra-Short Municipal ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock valued at $154,058,000 after buying an additional 54,500 shares during the period. HB Wealth Management LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 25.7% during the fourth quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock valued at $110,943,000 after buying an additional 444,793 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in JPMorgan Ultra-Short Municipal ETF by 10.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,481,928 shares of the company’s stock valued at $75,489,000 after buying an additional 136,125 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.2%

JMST opened at $50.90 on Thursday. The company has a fifty day moving average of $50.92 and a two-hundred day moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.80 and a fifty-two 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.