Avaii Wealth Management LLC Lowers Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Avaii Wealth Management LLC lessened its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 7.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,323 shares of the company’s stock after selling 929 shares during the period. Avaii Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $574,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Core Wealth Advisors Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 2.7% in the 2nd quarter. Core Wealth Advisors Inc. now owns 53,804 shares of the company’s stock worth $2,730,000 after buying an additional 1,435 shares in the last quarter. Clarity Asset Management Inc. increased its stake in JPMorgan Ultra-Short Municipal ETF by 2.4% in the second quarter. Clarity Asset Management Inc. now owns 38,862 shares of the company’s stock valued at $1,972,000 after acquiring an additional 911 shares during the last quarter. Kathmere Capital Management LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 8.5% during the second quarter. Kathmere Capital Management LLC now owns 93,967 shares of the company’s stock valued at $4,768,000 after purchasing an additional 7,379 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Ultra-Short Municipal ETF by 4.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock valued at $88,517,000 after purchasing an additional 67,868 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 400.5% during the second quarter. NewEdge Advisors LLC now owns 201,965 shares of the company’s stock worth $10,249,000 after purchasing an additional 161,613 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.85 on Friday. The firm’s 50 day moving average price is $50.79 and its 200-day moving average price is $50.82.

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.