Beacon Investment Advisory Services Inc. Acquires 29,637 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Beacon Investment Advisory Services Inc. increased its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 39.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,898 shares of the company’s stock after buying an additional 29,637 shares during the quarter. Beacon Investment Advisory Services Inc. owned 0.20% of JPMorgan Ultra-Short Municipal ETF worth $5,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 7,537.1% during the third quarter. International Assets Investment Management LLC now owns 123,416 shares of the company’s stock worth $6,287,000 after purchasing an additional 121,800 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% during the 3rd quarter. Private Advisor Group LLC now owns 78,482 shares of the company’s stock worth $3,998,000 after acquiring an additional 1,434 shares in the last quarter. Raymond James & Associates increased its stake in JPMorgan Ultra-Short Municipal ETF by 3.3% in the 2nd quarter. Raymond James & Associates now owns 187,169 shares of the company’s stock valued at $9,498,000 after buying an additional 6,055 shares during the last quarter. Harbour Investments Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% in the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after acquiring an additional 238 shares during the last quarter. Finally, Krilogy Financial LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth approximately $518,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.90 on Monday. The firm has a 50-day moving average price of $50.82 and a 200-day moving average price of $50.79.

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.