Tortoise Investment Management LLC lowered its stake in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the company’s stock after selling 10,000 shares during the period. Tortoise Investment Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,040,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the first quarter valued at $36,000. US Bancorp DE increased its position in JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after buying an additional 653 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at $71,000. MidAtlantic Capital Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at $80,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $83,000.
JPMorgan Ultra-Short Municipal ETF Stock Down 0.1%
Shares of NYSEARCA JMST opened at $50.80 on Thursday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.79 and a one year high of $51.13. The business’s fifty day moving average price is $50.90 and its 200-day moving average price is $50.93.
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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