Lpwm LLC Grows Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Lpwm LLC boosted its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 40.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,965 shares of the company’s stock after purchasing an additional 20,597 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises 1.2% of Lpwm LLC’s investment portfolio, making the stock its 19th biggest position. Lpwm LLC owned approximately 0.11% of JPMorgan Ultra-Short Municipal ETF worth $3,659,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Howe & Rusling Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at approximately $33,000. Cary Street Partners Financial LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $34,000. Assetmark Inc. increased its position in JPMorgan Ultra-Short Municipal ETF by 591.3% during the fourth quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock worth $56,000 after buying an additional 946 shares in the last quarter. Blue Trust Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $82,000. Finally, Principia Wealth Advisory LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the first quarter worth $94,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.78 on Friday. The stock has a fifty day moving average of $50.71 and a two-hundred day moving average of $50.78. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week high of $50.98.

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.