Chesley Taft & Associates LLC Boosts Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Chesley Taft & Associates LLC lifted its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 24.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,335 shares of the company’s stock after purchasing an additional 55,525 shares during the quarter. Chesley Taft & Associates LLC owned approximately 0.36% of JPMorgan Ultra-Short Municipal ETF worth $14,552,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 0.6% during the first quarter. Root Financial Partners LLC now owns 39,321 shares of the company’s stock valued at $2,005,000 after purchasing an additional 225 shares during the period. Narus Financial Partners LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 0.7% during the 1st quarter. Narus Financial Partners LLC now owns 34,970 shares of the company’s stock worth $1,783,000 after buying an additional 240 shares during the period. Schwallier Wealth Management LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 4.3% during the 4th quarter. Schwallier Wealth Management LLC now owns 6,761 shares of the company’s stock worth $346,000 after buying an additional 278 shares during the period. Equitable Holdings Inc. lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 1.0% in the 3rd quarter. Equitable Holdings Inc. now owns 28,263 shares of the company’s stock worth $1,443,000 after buying an additional 285 shares in the last quarter. Finally, Strategic Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 1.0% in the 1st quarter. Strategic Wealth Advisors LLC now owns 29,288 shares of the company’s stock worth $1,493,000 after buying an additional 295 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS:JMST opened at $50.89 on Friday. The firm has a 50-day moving average of $50.92 and a two-hundred day moving average of $50.96. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.80 and a 1-year 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.