Canvas Wealth Advisors LLC Has $2.40 Million Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Canvas Wealth Advisors LLC lowered its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 34.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,075 shares of the company’s stock after selling 24,258 shares during the period. Canvas Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,401,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock valued at $213,332,000 after acquiring an additional 227,838 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 5.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock worth $202,391,000 after purchasing an additional 192,499 shares during the period. LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after purchasing an additional 54,500 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 17.2% in the 1st quarter. HB Wealth Management LLC now owns 2,551,982 shares of the company’s stock worth $130,100,000 after purchasing an additional 374,070 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock worth $87,647,000 after purchasing an additional 287,225 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.87 on Wednesday. The company has a fifty day simple moving average of $50.92 and a 200 day simple moving average of $50.96. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.80 and a 12-month high of $51.13.

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.