Baker Ellis Asset Management LLC Makes New Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Baker Ellis Asset Management LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 29,800 shares of the company’s stock, valued at approximately $1,507,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 19.1% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 312,862 shares of the company’s stock worth $15,818,000 after acquiring an additional 50,191 shares during the last quarter. HB Wealth Management LLC increased its stake in 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 during the period. Shum Financial Group Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 101.8% during the second quarter. Shum Financial Group Inc. now owns 33,986 shares of the company’s stock worth $1,733,000 after acquiring an additional 17,144 shares during the period. Thryve Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at $1,082,000. Finally, Quantinno Capital Management LP purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth about $556,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

Shares of JMST stock traded up $0.01 during trading hours on Wednesday, reaching $50.67. 1,990,054 shares of the stock were exchanged, compared to its average volume of 1,304,588. The business’s fifty day moving average is $50.78 and its two-hundred day moving average is $50.87. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.46 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.