Bridgewater Advisors Inc. Has $31.60 Million Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Bridgewater Advisors Inc. lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 26.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 619,808 shares of the company’s stock after purchasing an additional 128,368 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises 2.4% of Bridgewater Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Bridgewater Advisors Inc. owned about 0.78% of JPMorgan Ultra-Short Municipal ETF worth $31,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 7.8% in the 1st quarter. DAVENPORT & Co LLC now owns 8,359 shares of the company’s stock valued at $425,000 after purchasing an additional 605 shares during the period. Rossby Financial LCC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the first quarter worth about $43,000. OneDigital Investment Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 37.1% in the first quarter. OneDigital Investment Advisors LLC now owns 26,386 shares of the company’s stock worth $1,342,000 after buying an additional 7,144 shares in the last quarter. Strategic Blueprint LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the first quarter valued at approximately $570,000. Finally, Bank of New York Mellon Corp lifted its position in JPMorgan Ultra-Short Municipal ETF by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 718,134 shares of the company’s stock valued at $36,517,000 after purchasing an additional 5,259 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.4%

JMST opened at $50.99 on Monday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year high of $50.98. The firm’s 50 day simple moving average is $50.99 and its two-hundred day simple moving average is $50.85.

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.