Global Wealth Management LLC Has $20.05 Million Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Global Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 395,422 shares of the company’s stock after acquiring an additional 101,090 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up about 12.8% of Global Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Global Wealth Management LLC owned approximately 0.76% of JPMorgan Ultra-Short Municipal ETF worth $20,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 438.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock worth $51,939,000 after purchasing an additional 830,218 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 676.0% in the third quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after buying an additional 517,187 shares in the last quarter. HB Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 395.8% during the fourth quarter. HB Wealth Management LLC now owns 580,541 shares of the company’s stock valued at $29,439,000 after buying an additional 463,452 shares during the period. Annex Advisory Services LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter worth about $21,711,000. Finally, CWA Asset Management Group LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter worth about $19,911,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.81 on Monday. The firm’s fifty day moving average price is $50.79 and its two-hundred day moving average price 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.