Fifth Third Bancorp Acquires Shares of 14,013 JPMorgan Ultra-Short Municipal ETF $JMST

Fifth Third Bancorp acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 1st quarter, Holdings Channel reports. The firm acquired 14,013 shares of the company’s stock, valued at approximately $714,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 41.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 272,195 shares of the company’s stock valued at $13,877,000 after acquiring an additional 79,939 shares during the last quarter. Manning & Napier Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% during the first quarter. Manning & Napier Advisors LLC now owns 107,150 shares of the company’s stock worth $5,463,000 after purchasing an additional 1,933 shares during the last quarter. Kestra Advisory Services LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 11.0% in the first quarter. Kestra Advisory Services LLC now owns 40,267 shares of the company’s stock worth $2,053,000 after purchasing an additional 3,981 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 18.5% in the first quarter. Axxcess Wealth Management LLC now owns 383,264 shares of the company’s stock worth $19,539,000 after purchasing an additional 59,934 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in 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 during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.91 on Tuesday. The stock’s 50 day moving average price is $50.92 and its two-hundred day moving average price is $50.97. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.83 and a 52-week 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.