Websterrogers Financial Advisors LLC Trims Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Websterrogers Financial Advisors LLC decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,855 shares of the company’s stock after selling 496 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up 2.2% of Websterrogers Financial Advisors LLC’s portfolio, making the stock its 18th biggest position. Websterrogers Financial Advisors LLC owned approximately 0.24% of JPMorgan Ultra-Short Municipal ETF worth $6,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Choreo LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth about $225,000. Axxcess Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.5% during the second quarter. Axxcess Wealth Management LLC now owns 91,942 shares of the company’s stock valued at $4,666,000 after purchasing an additional 4,752 shares in the last quarter. Kooman & Associates increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 6.0% during the second quarter. Kooman & Associates now owns 33,644 shares of the company’s stock valued at $1,707,000 after purchasing an additional 1,918 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 147.4% during the second quarter. Blair William & Co. IL now owns 9,031 shares of the company’s stock valued at $458,000 after purchasing an additional 5,381 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth approximately $308,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.76 on Thursday. The company’s fifty day moving average is $50.79 and its 200 day moving average is $50.81.

About JPMorgan Ultra-Short Municipal ETF

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.