Sequoia Financial Advisors LLC Sells 14,247 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Sequoia Financial Advisors LLC reduced its stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,948 shares of the company’s stock after selling 14,247 shares during the period. Sequoia Financial Advisors LLC owned 0.18% of JPMorgan Ultra-Short Municipal ETF worth $13,155,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JMST. AlphaCore Capital LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 17.3% in the 4th quarter. AlphaCore Capital LLC now owns 582,811 shares of the company’s stock valued at $29,751,000 after purchasing an additional 85,971 shares during the period. Diversified Portfolios Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 17.3% in the fourth quarter. Diversified Portfolios Inc. now owns 297,129 shares of the company’s stock worth $15,136,000 after purchasing an additional 43,792 shares during the period. WCG Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 262.3% in the fourth quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock worth $25,116,000 after purchasing an additional 356,972 shares during the period. LPL Financial LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after purchasing an additional 54,500 shares in the last quarter. Finally, Dynasty Wealth Management LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $11,920,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.76 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.76 and a 12 month high of $51.13. The business has a fifty day simple moving average of $50.89 and a two-hundred day simple moving average of $50.93.

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.