Avidian Wealth Enterprises LLC Acquires 531,517 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Avidian Wealth Enterprises LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 981.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 585,649 shares of the company’s stock after acquiring an additional 531,517 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises about 1.3% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 16th largest position. Avidian Wealth Enterprises LLC owned approximately 0.86% of JPMorgan Ultra-Short Municipal ETF worth $29,780,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JMST. Castlekeep Investment Advisors LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $280,711,000. GAMMA Investing LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 5,296.4% during the 1st quarter. GAMMA Investing LLC now owns 929,691 shares of the company’s stock worth $47,275,000 after acquiring an additional 912,463 shares in the last quarter. Bailard Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $43,522,000. NorthRock Partners LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 356.6% during the 4th quarter. NorthRock Partners LLC now owns 687,064 shares of the company’s stock worth $34,841,000 after acquiring an additional 536,584 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $22,229,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.91 on Friday. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week high of $50.98. The company’s 50-day simple moving average is $50.78 and its 200-day simple moving average is $50.78.

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.