Sequoia Financial Advisors LLC Boosts Position in JPMorgan Ultra-Short Municipal ETF $JMST

Sequoia Financial Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 41.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,195 shares of the company’s stock after buying an additional 79,939 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.34% of JPMorgan Ultra-Short Municipal ETF worth $13,877,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased 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 acquiring an additional 225 shares during the period. Narus Financial Partners LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.7% in 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. Cahaba Wealth Management Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 4.2% in the fourth quarter. Cahaba Wealth Management Inc. now owns 6,137 shares of the company’s stock worth $313,000 after purchasing an additional 245 shares in the last quarter. Schwallier Wealth Management LLC increased its holdings 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 purchasing an additional 278 shares during the period. Finally, Equitable Holdings Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF by 1.0% during the 3rd quarter. Equitable Holdings Inc. now owns 28,263 shares of the company’s stock worth $1,443,000 after purchasing an additional 285 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

BATS JMST traded up $0.01 on Friday, reaching $50.93. 1,437,202 shares of the stock traded hands, compared to its average volume of 1,304,735. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.83 and a 12 month high of $51.13. The company has a fifty day moving average price of $50.92 and a 200-day moving average price of $50.98.

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.