Bank of New York Mellon Corp boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report) by 12.7% in the 2nd quarter, Holdings Channel reports. The fund owned 809,121 shares of the company’s stock after buying an additional 90,987 shares during the period. Bank of New York Mellon Corp’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $41,200,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMST. Creative Financial Designs Inc. ADV increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 414.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock valued at $26,000 after buying an additional 414 shares in the last quarter. Allworth Financial LP lifted its position in JPMorgan Ultra-Short Municipal ETF by 93.4% during the first quarter. Allworth Financial LP now owns 617 shares of the company’s stock worth $31,000 after buying an additional 298 shares in the last quarter. Park Place Capital Corp acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at about $41,000. Briaud Financial Planning Inc acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at about $45,000. Finally, Financial Management Professionals Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth $90,000.
JPMorgan Ultra-Short Municipal ETF Stock Performance
Shares of JMST opened at $50.92 on Thursday. The company’s 50-day moving average price is $50.97 and its 200 day moving average price is $50.87. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.42 and a 12-month 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.
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Want to see what other hedge funds are holding JMST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report).
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