Franklin Resources Inc. lifted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report) by 16.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,874 shares of the company’s stock after purchasing an additional 31,098 shares during the period. Franklin Resources Inc. owned 0.27% of JPMorgan Ultra-Short Municipal ETF worth $11,043,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 414.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock valued at $26,000 after buying an additional 414 shares during the period. Legacy Investment Solutions LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $26,000. Park Place Capital Corp bought a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $41,000. Atlantic Union Bankshares Corp acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $42,000. Finally, Briaud Financial Planning Inc bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $45,000.
JPMorgan Ultra-Short Municipal ETF Stock Performance
JPMorgan Ultra-Short Municipal ETF stock opened at $50.99 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $50.98. The company’s 50-day moving average is $50.95 and its two-hundred day moving average is $50.88.
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.
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