Beacon Investment Advisory Services Inc. Grows Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Beacon Investment Advisory Services Inc. grew its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 33.0% in the second quarter, HoldingsChannel reports. The fund owned 97,332 shares of the company’s stock after acquiring an additional 24,151 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,964,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Directional Asset Management purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $2,157,000. Bolthouse Investments LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 117.0% during the 4th quarter. Bolthouse Investments LLC now owns 36,445 shares of the company’s stock valued at $1,857,000 after buying an additional 19,650 shares in the last quarter. Great Point Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 16.6% during the 4th quarter. Great Point Wealth Advisors LLC now owns 161,970 shares of the company’s stock valued at $8,251,000 after buying an additional 23,030 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 21.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 192,256 shares of the company’s stock valued at $9,793,000 after acquiring an additional 34,232 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 44.8% in the 4th quarter. Farther Finance Advisors LLC now owns 152,464 shares of the company’s stock valued at $7,767,000 after acquiring an additional 47,183 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.89 on Friday. The firm has a fifty day moving average of $50.92 and a 200 day moving average of $50.96. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.80 and a one year 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.