Gradient Investments LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report) by 51.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,763 shares of the company’s stock after acquiring an additional 49,405 shares during the quarter. Gradient Investments LLC owned approximately 0.18% of JPMorgan Ultra-Short Municipal ETF worth $7,440,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its position 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 worth $26,000 after purchasing 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 worth approximately $26,000. Park Place Capital Corp purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth $41,000. Atlantic Union Bankshares Corp purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth $42,000. Finally, Briaud Financial Planning Inc bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at $45,000.
JPMorgan Ultra-Short Municipal ETF Price Performance
JMST opened at $50.95 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $50.98. The stock has a fifty day moving average price of $50.93 and a 200-day moving average price of $50.90.
JPMorgan Ultra-Short Municipal ETF Company 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.
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