Shum Financial Group Inc. Boosts Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Shum Financial Group Inc. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 101.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,986 shares of the company’s stock after buying an additional 17,144 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for approximately 1.0% of Shum Financial Group Inc.’s portfolio, making the stock its 28th biggest holding. Shum Financial Group Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,733,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of America Corp DE grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock worth $213,332,000 after acquiring an additional 227,838 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan Ultra-Short Municipal ETF by 5.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock worth $202,391,000 after purchasing an additional 192,499 shares during the period. LPL Financial LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 1.8% during the 4th 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 during the period. HB Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 17.2% during the 1st quarter. HB Wealth Management LLC now owns 2,551,982 shares of the company’s stock worth $130,100,000 after purchasing an additional 374,070 shares during the period. Finally, Resonant Capital Advisors LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 20.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock worth $87,647,000 after purchasing an additional 287,225 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.1%

Shares of NYSEARCA:JMST opened at $50.83 on Friday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.79 and a one year high of $51.13. The company has a 50-day simple moving average of $50.90 and a 200-day simple moving average of $50.94.

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.