Divergent Planning LLC Makes New $4.49 Million Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Divergent Planning LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 88,203 shares of the company’s stock, valued at approximately $4,491,000. Divergent Planning LLC owned about 0.11% of JPMorgan Ultra-Short Municipal ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Syntegra Private Wealth Group LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 672.5% in the 2nd quarter. Syntegra Private Wealth Group LLC now owns 58,612 shares of the company’s stock worth $2,985,000 after acquiring an additional 51,025 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at about $664,000. Beverly Hills Private Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $494,000. Forvis Mazars Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $230,000. Finally, International Assets Investment Management LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 12.4% during the second quarter. International Assets Investment Management LLC now owns 9,035 shares of the company’s stock worth $460,000 after purchasing an additional 999 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.96 on Tuesday. The company has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $50.83. 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.