Professional Financial Management Inc. Makes New $2.94 Million Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Professional Financial Management Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 58,235 shares of the company’s stock, valued at approximately $2,944,000. JPMorgan Ultra-Short Municipal ETF accounts for about 3.0% of Professional Financial Management Inc.’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC lifted its position 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 worth $2,005,000 after purchasing an additional 225 shares during the last quarter. Narus Financial Partners LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 0.7% during the first quarter. Narus Financial Partners LLC now owns 34,970 shares of the company’s stock valued at $1,783,000 after purchasing an additional 240 shares during the period. Strategic Wealth Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the first quarter. Strategic Wealth Advisors LLC now owns 29,288 shares of the company’s stock valued at $1,493,000 after purchasing an additional 295 shares during the period. Commonwealth Financial Services LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2.1% in the first quarter. Commonwealth Financial Services LLC now owns 14,822 shares of the company’s stock worth $756,000 after purchasing an additional 299 shares during the last quarter. Finally, USAdvisors Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.1% in the third quarter. USAdvisors Wealth Management LLC now owns 29,657 shares of the company’s stock worth $1,499,000 after purchasing an additional 310 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.2%

JMST stock opened at $50.88 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.46 and a 12 month high of $51.13. The firm’s 50-day moving average is $50.76 and its 200 day moving average is $50.86.

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.