Tennessee Valley Asset Management Partners Has $498,000 Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Tennessee Valley Asset Management Partners increased its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 98.1% during the first quarter, HoldingsChannel.com reports. The fund owned 9,784 shares of the company’s stock after purchasing an additional 4,845 shares during the period. Tennessee Valley Asset Management Partners’ holdings in JPMorgan Ultra-Short Municipal ETF were worth $498,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Howe & Rusling Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at approximately $33,000. Cary Street Partners Financial LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at approximately $34,000. Assetmark Inc. boosted its stake in JPMorgan Ultra-Short Municipal ETF by 591.3% during the 4th quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock valued at $56,000 after purchasing an additional 946 shares during the period. Global Trust Asset Management LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at approximately $76,000. Finally, Blue Trust Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at approximately $82,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS:JMST opened at $50.82 on Tuesday. The business has a 50 day moving average price of $50.72 and a 200 day moving average price of $50.77. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $52.21.

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.