Elmwood Wealth Management Inc. Grows Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Elmwood Wealth Management Inc. raised its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,219 shares of the company’s stock after purchasing an additional 10,467 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises approximately 2.2% of Elmwood Wealth Management Inc.’s holdings, making the stock its 11th biggest holding. Elmwood Wealth Management Inc. owned approximately 0.21% of JPMorgan Ultra-Short Municipal ETF worth $5,437,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Salomon & Ludwin LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after acquiring an additional 830,218 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 676.0% during the 3rd quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock valued at $30,243,000 after acquiring an additional 517,187 shares in the last quarter. Annex Advisory Services LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $21,711,000. CWA Asset Management Group LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $19,911,000. Finally, Global Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $14,993,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of BATS:JMST traded up $0.03 during midday trading on Monday, hitting $50.76. 614,025 shares of the company’s stock traded hands. The firm has a fifty day moving average price of $50.78 and a two-hundred day moving average price of $50.81.

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.