Summit Place Financial Advisors LLC reduced its position in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report) by 33.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,000 shares of the company’s stock after selling 16,500 shares during the period. Summit Place Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,668,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of JMST. Mainsail Financial Group LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 32.1% during the 3rd quarter. Mainsail Financial Group LLC now owns 169,752 shares of the company’s stock worth $8,583,000 after acquiring an additional 41,291 shares in the last quarter. Meridian Financial Partners LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $1,428,000. Citizens Financial Group Inc. RI purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $9,858,000. OLIO Financial Planning grew its position in JPMorgan Ultra-Short Municipal ETF by 5.0% in the 3rd quarter. OLIO Financial Planning now owns 21,176 shares of the company’s stock valued at $1,071,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Professional Financial Management Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $2,944,000.
JPMorgan Ultra-Short Municipal ETF Price Performance
NYSEARCA JMST opened at $50.90 on Monday. The stock has a 50-day moving average of $50.76 and a two-hundred day moving average of $50.86. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.46 and a 1-year high of $51.13.
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.
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