Opal Wealth Advisors LLC Has $10.50 Million Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Opal Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 8.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 205,713 shares of the company’s stock after buying an additional 16,016 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises approximately 2.9% of Opal Wealth Advisors LLC’s holdings, making the stock its 6th biggest position. Opal Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $10,500,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 414.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock valued at $26,000 after acquiring an additional 414 shares during the period. Legacy Investment Solutions LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth approximately $26,000. Park Place Capital Corp purchased a new position in JPMorgan Ultra-Short Municipal ETF during the second quarter valued at approximately $41,000. Atlantic Union Bankshares Corp purchased a new position in JPMorgan Ultra-Short Municipal ETF during the second quarter valued at approximately $42,000. Finally, Briaud Financial Planning Inc bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth approximately $45,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $51.04 on Friday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year high of $50.98. The company’s fifty day moving average price is $50.95 and its 200-day moving average price is $50.92.

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.