FOCUS Wealth Advisors LLC Takes Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

FOCUS Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,334 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% in 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 period. FSM Wealth Advisors LLC boosted its stake 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 buying an additional 517,187 shares during the period. HB Wealth Management LLC boosted its stake in shares of 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 valued at $29,439,000 after buying an additional 463,452 shares during the period. Annex Advisory Services LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $21,711,000. Finally, CWA Asset Management Group LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $19,911,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST stock opened at $50.81 on Monday. The company has a 50-day moving average of $50.79 and a 200 day moving average of $50.81.

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.