TFO Wealth Partners LLC Acquires 279,117 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

TFO Wealth Partners LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 438.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 342,711 shares of the company’s stock after acquiring an additional 279,117 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for about 2.6% of TFO Wealth Partners LLC’s investment portfolio, making the stock its 6th largest holding. TFO Wealth Partners LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $17,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE lifted its position in JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after buying an additional 460,157 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,780,629 shares of the company’s stock worth $192,963,000 after purchasing an additional 168,124 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 25.7% during the fourth quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock worth $110,943,000 after purchasing an additional 444,793 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 0.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,432,023 shares of the company’s stock worth $73,068,000 after purchasing an additional 11,620 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 18.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,268,731 shares of the company’s stock worth $64,693,000 after purchasing an additional 198,260 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.88 on Thursday. The company’s fifty day simple moving average is $50.95 and its 200-day simple moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.71 and a 52 week high of $51.13.

JPMorgan Ultra-Short Municipal ETF 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.