Fifth Third Bancorp Invests $714,000 in JPMorgan Ultra-Short Municipal ETF $JMST

Fifth Third Bancorp bought a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,013 shares of the company’s stock, valued at approximately $714,000.

Several other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 5.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock worth $202,391,000 after acquiring an additional 192,499 shares during the period. Bank of America Corp DE raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after purchasing an additional 460,157 shares during the period. LPL Financial LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after purchasing an additional 54,500 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 17.2% during the first quarter. HB Wealth Management LLC now owns 2,551,982 shares of the company’s stock worth $130,100,000 after purchasing an additional 374,070 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in the first quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after purchasing an additional 287,225 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.91 on Tuesday. The firm has a fifty day simple moving average of $50.92 and a 200-day simple moving average of $50.97. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.83 and a twelve month high of $51.13.

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.