Transform Wealth LLC Acquires 120,483 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Transform Wealth LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 63.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 311,868 shares of the company’s stock after acquiring an additional 120,483 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises about 0.9% of Transform Wealth LLC’s investment portfolio, making the stock its 27th biggest position. Transform Wealth LLC owned 0.60% of JPMorgan Ultra-Short Municipal ETF worth $15,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. River Street Advisors LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter worth $30,000. Legacy Investment Solutions LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth approximately $60,000. MidAtlantic Capital Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth $80,000. Key Financial Inc increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 65.6% in the third quarter. Key Financial Inc now owns 2,116 shares of the company’s stock valued at $108,000 after buying an additional 838 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $112,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS:JMST opened at $50.81 on Tuesday. The stock’s 50 day moving average is $50.79 and its 200-day moving average is $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.