Citizens Financial Group Inc. RI Makes New Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Citizens Financial Group Inc. RI purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 194,968 shares of the company’s stock, valued at approximately $9,858,000. Citizens Financial Group Inc. RI owned 0.12% of JPMorgan Ultra-Short Municipal ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JMST. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% in the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock valued at $166,683,000 after buying an additional 716,311 shares during the period. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $21,870,000. Gradient Investments LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $20,465,000. Resonant Capital Advisors LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in the first quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after buying an additional 287,225 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.8% during the 1st quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock worth $213,332,000 after buying an additional 227,838 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

Shares of JMST stock opened at $50.90 on Friday. The stock has a 50 day simple moving average of $50.76 and a 200-day simple moving average of $50.86. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.46 and a 1-year high of $51.13.

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.