HB Wealth Management LLC Purchases 1,099,860 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

HB Wealth Management LLC increased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 173.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,733,119 shares of the company’s stock after buying an additional 1,099,860 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for about 0.6% of HB Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. HB Wealth Management LLC owned about 2.17% of JPMorgan Ultra-Short Municipal ETF worth $88,458,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Grimes & Company Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth approximately $55,491,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 158.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 782,821 shares of the company’s stock valued at $39,791,000 after purchasing an additional 479,460 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in JPMorgan Ultra-Short Municipal ETF by 14.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,612,505 shares of the company’s stock worth $183,949,000 after purchasing an additional 464,869 shares during the last quarter. Interchange Capital Partners LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 185.1% during the second quarter. Interchange Capital Partners LLC now owns 694,420 shares of the company’s stock valued at $35,360,000 after purchasing an additional 450,882 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 4,675.0% during the first quarter. Jane Street Group LLC now owns 310,375 shares of the company’s stock valued at $15,783,000 after purchasing an additional 303,875 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $51.02 on Thursday. The firm has a fifty day simple moving average of $50.94 and a two-hundred day simple moving average of $50.92. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.42 and a 52 week high of $50.98.

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.