Abacus Planning Group Inc. Takes $1.49 Million Position in JPMorgan Ultra-Short Municipal ETF $JMST

Abacus Planning Group Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,177 shares of the company’s stock, valued at approximately $1,486,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Enclave Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% during the 1st quarter. Enclave Advisors LLC now owns 10,643 shares of the company’s stock valued at $541,000 after purchasing an additional 231 shares in the last quarter. Red Mountain Financial LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 0.9% in the first quarter. Red Mountain Financial LLC now owns 26,259 shares of the company’s stock worth $1,335,000 after buying an additional 231 shares during the period. Blue Oak Capital LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 4.5% during the 2nd quarter. Blue Oak Capital LLC now owns 5,446 shares of the company’s stock valued at $277,000 after acquiring an additional 237 shares in the last quarter. Rooted Wealth Advisors Inc. grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.2% during the 2nd quarter. Rooted Wealth Advisors Inc. now owns 21,213 shares of the company’s stock worth $1,080,000 after acquiring an additional 246 shares during the period. Finally, Masso Torrence Wealth Management Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.6% in the 1st quarter. Masso Torrence Wealth Management Inc. now owns 16,094 shares of the company’s stock worth $818,000 after acquiring an additional 248 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS JMST opened at $50.92 on Friday. The stock’s 50 day moving average is $50.99 and its 200 day moving average is $50.82. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $50.98.

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.