Bank of New York Mellon Corp Increases Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Bank of New York Mellon Corp boosted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 809,121 shares of the company’s stock after acquiring an additional 90,987 shares during the quarter. Bank of New York Mellon Corp owned 1.01% of JPMorgan Ultra-Short Municipal ETF worth $41,200,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Grimes & Company Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth $55,491,000. Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Ultra-Short Municipal ETF by 31.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,147,636 shares of the company’s stock valued at $160,057,000 after buying an additional 748,311 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 158.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 782,821 shares of the company’s stock valued at $39,791,000 after purchasing an additional 479,460 shares in the last quarter. Interchange Capital Partners LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 185.1% in the second quarter. Interchange Capital Partners LLC now owns 694,420 shares of the company’s stock valued at $35,360,000 after acquiring an additional 450,882 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 16.4% in the 1st quarter. LPL Financial LLC now owns 2,710,883 shares of the company’s stock worth $137,848,000 after purchasing an additional 382,544 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.3%

Shares of BATS JMST opened at $50.92 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’s fifty day simple moving average is $50.97 and its two-hundred day simple moving average is $50.87.

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.