Bridgewater Advisors Inc. reduced its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report) by 9.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 627,358 shares of the company’s stock after selling 62,262 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for about 2.0% of Bridgewater Advisors Inc.’s investment portfolio, making the stock its 12th largest holding. Bridgewater Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $31,920,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the business. Klingman & Associates LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 156.8% during the 1st quarter. Klingman & Associates LLC now owns 121,774 shares of the company’s stock valued at $6,208,000 after purchasing an additional 74,345 shares during the period. Cetera Investment Advisers lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 5.0% in the 1st quarter. Cetera Investment Advisers now owns 412,268 shares of the company’s stock worth $21,017,000 after purchasing an additional 19,463 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 35,156 shares of the company’s stock valued at $1,792,000 after purchasing an additional 1,879 shares in the last quarter. Commonwealth Financial Services LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.1% during the 1st quarter. Commonwealth Financial Services LLC now owns 14,822 shares of the company’s stock valued at $756,000 after purchasing an additional 299 shares in the last quarter. Finally, Balefire LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the first quarter valued at about $327,000.
JPMorgan Ultra-Short Municipal ETF Price Performance
JMST stock opened at $50.88 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.83 and a 1 year high of $51.13. The firm has a 50-day moving average of $50.92 and a 200 day moving average of $50.97.
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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