Keudell Morrison Wealth Management Increases Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Keudell Morrison Wealth Management boosted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 69.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,304 shares of the company’s stock after purchasing an additional 28,016 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises approximately 0.8% of Keudell Morrison Wealth Management’s holdings, making the stock its 25th largest holding. Keudell Morrison Wealth Management owned 0.09% of JPMorgan Ultra-Short Municipal ETF worth $3,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of JMST. Princeton Global Asset Management LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 141.1% in the 1st quarter. Princeton Global Asset Management LLC now owns 56,028 shares of the company’s stock worth $2,849,000 after purchasing an additional 32,790 shares in the last quarter. Principia Wealth Advisory LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the 1st quarter worth $94,000. Sunflower Bank N.A. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 8.6% in the 1st quarter. Sunflower Bank N.A. now owns 207,686 shares of the company’s stock worth $10,561,000 after purchasing an additional 16,457 shares in the last quarter. LexAurum Advisors LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the 1st quarter worth $294,000. Finally, NavPoint Financial Inc. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 29.5% in the 1st quarter. NavPoint Financial Inc. now owns 41,746 shares of the company’s stock worth $2,123,000 after purchasing an additional 9,518 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.3%

Shares of JMST stock opened at $50.92 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.42 and a 52 week high of $50.98. The company’s fifty day simple moving average is $50.99 and its two-hundred day simple moving average is $50.82.

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.