Professional Financial Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 58,235 shares of the company’s stock, valued at approximately $2,944,000. JPMorgan Ultra-Short Municipal ETF comprises approximately 3.0% of Professional Financial Management Inc.’s investment portfolio, making the stock its 14th biggest holding.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% in the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after acquiring an additional 716,311 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $21,870,000. Gradient Investments LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $20,465,000. Resonant Capital Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 20.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after purchasing an additional 287,225 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Municipal ETF by 5.8% during the 1st quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock valued at $213,332,000 after purchasing an additional 227,838 shares during the last quarter.
JPMorgan Ultra-Short Municipal ETF Price Performance
JPMorgan Ultra-Short Municipal ETF stock opened at $50.88 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.46 and a 1-year high of $51.13. The company’s 50-day moving average is $50.76 and its 200 day moving average is $50.86.
About JPMorgan Ultra-Short Municipal ETF
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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