Bridgewater Advisors Inc. Cuts Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Bridgewater Advisors Inc. lowered its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 627,358 shares of the company’s stock after selling 62,262 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises about 2.0% of Bridgewater Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. Bridgewater Advisors Inc. owned 0.79% of JPMorgan Ultra-Short Municipal ETF worth $31,920,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Directional Asset Management bought a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $2,157,000. Bolthouse Investments LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 117.0% during the fourth quarter. Bolthouse Investments LLC now owns 36,445 shares of the company’s stock valued at $1,857,000 after purchasing an additional 19,650 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $693,000. Great Point Wealth Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 16.6% in the fourth quarter. Great Point Wealth Advisors LLC now owns 161,970 shares of the company’s stock worth $8,251,000 after purchasing an additional 23,030 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 23.1% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 97,202 shares of the company’s stock worth $4,951,000 after buying an additional 18,212 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.88 on Friday. The company has a fifty day moving average of $50.92 and a 200 day moving average of $50.97. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.83 and a 52 week 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.