Resonant Capital Advisors LLC Has $87.65 Million Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Resonant Capital Advisors LLC increased its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 20.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,719,248 shares of the company’s stock after acquiring an additional 287,225 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises approximately 4.6% of Resonant Capital Advisors LLC’s portfolio, making the stock its 2nd largest position. Resonant Capital Advisors LLC owned about 2.15% of JPMorgan Ultra-Short Municipal ETF worth $87,647,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Investment Advisory Services Group LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 2.8% during the first quarter. Investment Advisory Services Group LLC now owns 17,570 shares of the company’s stock valued at $896,000 after purchasing an additional 472 shares in the last quarter. Canvas Wealth Advisors LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 160.3% during the first quarter. Canvas Wealth Advisors LLC now owns 71,333 shares of the company’s stock worth $3,637,000 after purchasing an additional 43,933 shares during the last quarter. Red Mountain Financial LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 9.2% in the 1st quarter. Red Mountain Financial LLC now owns 42,219 shares of the company’s stock worth $2,152,000 after purchasing an additional 3,562 shares in the last quarter. Appleton Partners Inc. MA boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.0% in the 1st quarter. Appleton Partners Inc. MA now owns 125,568 shares of the company’s stock worth $6,401,000 after purchasing an additional 5,996 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at about $412,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock traded down $0.01 during trading on Tuesday, hitting $50.92. 227,377 shares of the stock traded hands, compared to its average volume of 1,304,345. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.81 and a 52 week high of $51.13. The firm’s fifty day moving average is $50.92 and its 200-day moving average is $50.98.

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.