Capstone Financial Advisors Inc. Acquires 13,739 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Capstone Financial Advisors Inc. raised its stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 128.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 24,448 shares of the company’s stock after buying an additional 13,739 shares during the period. Capstone Financial Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,247,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JMST. Bank of America Corp DE raised its position in JPMorgan Ultra-Short Municipal ETF by 5.8% during the 1st quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock valued at $213,332,000 after purchasing an additional 227,838 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 worth $202,391,000 after buying an additional 192,499 shares during the period. HB Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after buying an additional 716,311 shares in the last quarter. LPL Financial LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% during 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. Finally, Resonant Capital Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% during the first quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after buying an additional 287,225 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

NYSEARCA:JMST opened at $50.80 on Thursday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.79 and a one year high of $51.13. The firm has a 50-day simple moving average of $50.90 and a 200-day simple moving average of $50.93.

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.