Beacon Investment Advisory Services Inc. Grows Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Beacon Investment Advisory Services Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,430 shares of the company’s stock after purchasing an additional 1,532 shares during the period. Beacon Investment Advisory Services Inc. owned 0.20% of JPMorgan Ultra-Short Municipal ETF worth $5,346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Salomon & Ludwin LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 438.4% during the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after buying an additional 830,218 shares during the last quarter. FSM Wealth Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 676.0% in the third quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock valued at $30,243,000 after purchasing an additional 517,187 shares in the last quarter. HB Wealth Management LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 395.8% in the fourth quarter. HB Wealth Management LLC now owns 580,541 shares of the company’s stock worth $29,439,000 after purchasing an additional 463,452 shares during the last quarter. Annex Advisory Services LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $21,711,000. Finally, CWA Asset Management Group LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $19,911,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.82 on Thursday. The business has a 50 day simple moving average of $50.79 and a two-hundred day simple moving average of $50.81.

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.