Mainsail Financial Group LLC boosted its position in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report) by 32.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,752 shares of the company’s stock after buying an additional 41,291 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up approximately 2.9% of Mainsail Financial Group LLC’s portfolio, making the stock its 15th biggest position. Mainsail Financial Group LLC owned approximately 0.11% of JPMorgan Ultra-Short Municipal ETF worth $8,583,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meridian Financial Partners LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $1,428,000. Citizens Financial Group Inc. RI bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $9,858,000. OLIO Financial Planning increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.0% during the third quarter. OLIO Financial Planning now owns 21,176 shares of the company’s stock valued at $1,071,000 after acquiring an additional 1,005 shares in the last quarter. Professional Financial Management Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth approximately $2,944,000. Finally, Root Financial Partners LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 33.6% during the third quarter. Root Financial Partners LLC now owns 70,463 shares of the company’s stock worth $3,563,000 after purchasing an additional 17,713 shares during the period.
JPMorgan Ultra-Short Municipal ETF Stock Performance
Shares of JMST opened at $50.90 on Monday. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.46 and a 12-month high of $51.13. The business’s fifty day moving average is $50.76 and its 200 day moving average is $50.86.
JPMorgan Ultra-Short Municipal ETF Company 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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