J.Safra Asset Management Corp Makes New Investment in JPMorgan Ultra-Short Municipal ETF $JMST

J.Safra Asset Management Corp purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 88,398 shares of the company’s stock, valued at approximately $4,500,000. JPMorgan Ultra-Short Municipal ETF comprises about 0.3% of J.Safra Asset Management Corp’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds have also recently modified their holdings of JMST. GAMMA Investing LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 6.1% during the first quarter. GAMMA Investing LLC now owns 18,283 shares of the company’s stock valued at $930,000 after buying an additional 1,055 shares during the period. Stewardship Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 25.3% in the first quarter. Stewardship Advisors LLC now owns 106,016 shares of the company’s stock worth $5,391,000 after buying an additional 21,375 shares in the last quarter. 1900 Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 9.3% in the first quarter. 1900 Wealth Management LLC now owns 41,685 shares of the company’s stock worth $2,120,000 after buying an additional 3,553 shares in the last quarter. Global Trust Asset Management LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the first quarter valued at approximately $76,000. Finally, CENTRAL TRUST Co lifted its position in JPMorgan Ultra-Short Municipal ETF by 2.1% during the first quarter. CENTRAL TRUST Co now owns 91,206 shares of the company’s stock valued at $4,638,000 after purchasing an additional 1,914 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.4%

JMST opened at $50.96 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year high of $50.98. The firm’s 50 day simple moving average is $50.99 and its two-hundred day simple moving average is $50.82.

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.