SteelPeak Wealth LLC Invests $1.99 Million in JPMorgan Ultra-Short Municipal ETF $JMST

SteelPeak Wealth LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the first quarter, HoldingsChannel reports. The firm purchased 39,004 shares of the company’s stock, valued at approximately $1,988,000.

Several other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at about $36,000. US Bancorp DE lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after buying an additional 653 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth approximately $71,000. MidAtlantic Capital Management Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth approximately $80,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $83,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.91 on Friday. The firm has a 50 day moving average of $50.92 and a 200 day moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.83 and a twelve month high of $51.13.

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.