Avidian Wealth Enterprises LLC Purchases 227,414 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Avidian Wealth Enterprises LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 227,414 shares of the company’s stock, valued at approximately $11,498,000. Avidian Wealth Enterprises LLC owned approximately 0.15% of JPMorgan Ultra-Short Municipal ETF at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JMST. Bank of America Corp DE increased its position in JPMorgan Ultra-Short Municipal ETF by 5.8% in the 1st quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock worth $213,332,000 after purchasing an additional 227,838 shares during the last quarter. HB Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 28.1% in the second 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 last quarter. LPL Financial LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock valued at $154,058,000 after acquiring an additional 54,500 shares in the last quarter. Resonant Capital Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 20.1% during the first quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after acquiring an additional 287,225 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in JPMorgan Ultra-Short Municipal ETF by 14.7% in the first quarter. Bank of New York Mellon Corp now owns 1,261,630 shares of the company’s stock valued at $64,318,000 after acquiring an additional 161,844 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST traded down $0.01 during mid-day trading on Thursday, hitting $50.56. 579,050 shares of the company’s stock were exchanged, compared to its average volume of 1,287,431. The firm has a fifty day moving average of $50.80 and a two-hundred day moving average of $50.88. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.46 and a twelve 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.