Argo Wealth Advisory LLC Buys Shares of 17,787 JPMorgan Ultra-Short Municipal ETF $JMST

Argo Wealth Advisory LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,787 shares of the company’s stock, valued at approximately $906,000.

A number of other hedge funds have also recently made changes to their positions in JMST. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 173.7% in the 3rd quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock worth $88,458,000 after acquiring an additional 1,099,860 shares during the last quarter. Sage Mountain Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $30,055,000. Bank of America Corp DE increased its position in JPMorgan Ultra-Short Municipal ETF by 13.8% during the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after purchasing an additional 460,157 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 36.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,471 shares of the company’s stock valued at $54,514,000 after purchasing an additional 287,650 shares during the period. Finally, Raymond James Financial Inc. increased its position in JPMorgan Ultra-Short Municipal ETF by 26.9% during the 3rd quarter. Raymond James Financial Inc. now owns 906,585 shares of the company’s stock valued at $46,272,000 after purchasing an additional 192,119 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS:JMST opened at $50.92 on Friday. The firm’s 50-day moving average price is $51.01 and its 200-day moving average price is $50.98. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.58 and a 1-year high of $51.13.

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.