JPMorgan Ultra-Short Municipal ETF $JMST Shares Acquired by Phoenix Wealth Advisors

Phoenix Wealth Advisors boosted its holdings in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 22.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 319,701 shares of the company’s stock after acquiring an additional 58,607 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for 4.8% of Phoenix Wealth Advisors’ holdings, making the stock its 4th biggest position. Phoenix Wealth Advisors owned about 0.20% of JPMorgan Ultra-Short Municipal ETF worth $16,164,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. HB Wealth Management LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 28.1% during the second quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after purchasing an additional 716,311 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $21,870,000. Gradient Investments LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $20,465,000. Commonwealth Equity Services LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $18,814,000. Finally, Bank of America Corp DE lifted its stake in shares of 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 worth $213,332,000 after buying an additional 227,838 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock traded up $0.01 during midday trading on Friday, hitting $50.93. 1,758,534 shares of the company were exchanged, compared to its average volume of 1,347,186. The firm’s 50 day moving average price is $50.76 and its two-hundred day moving average price is $50.91. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.46 and a 52 week high of $51.13.

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.