Highline Wealth Partners LLC Cuts Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Highline Wealth Partners LLC decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 5.5% in the first quarter, Holdings Channel reports. The institutional investor owned 62,803 shares of the company’s stock after selling 3,624 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for about 1.1% of Highline Wealth Partners LLC’s portfolio, making the stock its 27th largest position. Highline Wealth Partners LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at $33,000. Cary Street Partners Financial LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $34,000. Assetmark Inc. grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 591.3% in the fourth quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock valued at $56,000 after purchasing an additional 946 shares during the period. Blue Trust Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $82,000. Finally, Principia Wealth Advisory LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the first quarter valued at about $94,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1%

Shares of BATS JMST opened at $50.82 on Monday. The company’s 50-day simple moving average is $50.72 and its 200-day simple moving average is $50.77. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high of $50.98.

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.