Financial Advocates Investment Management reduced its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,633 shares of the company’s stock after selling 1,072 shares during the quarter. Financial Advocates Investment Management’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,051,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in JMST. Creative Financial Designs Inc. ADV raised its position in 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 purchasing an additional 414 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at $26,000. Park Place Capital Corp purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at $41,000. Atlantic Union Bankshares Corp acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $42,000. Finally, Briaud Financial Planning Inc purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at about $45,000.
JPMorgan Ultra-Short Municipal ETF Stock Up 0.4%
BATS JMST opened at $50.98 on Wednesday. The stock has a 50-day moving average of $50.96 and a two-hundred day moving average of $50.88. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year 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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