Private Wealth Group LLC Reduces Position in JPMorgan Ultra-Short Municipal ETF $JMST

Private Wealth Group LLC lessened its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,430 shares of the company’s stock after selling 1,178 shares during the period. Private Wealth Group LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $378,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Wealthcare Advisory Partners LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 83.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 116,154 shares of the company’s stock valued at $5,915,000 after buying an additional 52,996 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at approximately $106,000. Abacus Planning Group Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at approximately $1,486,000. Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 6.5% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 395,637 shares of the company’s stock valued at $20,146,000 after buying an additional 24,176 shares during the period. Finally, Benchmark Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at approximately $346,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.92 on Friday. The firm has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $50.82. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year 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.