Lavelle Capital LP Makes New Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Lavelle Capital LP bought a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 78,480 shares of the company’s stock, valued at approximately $4,001,000. JPMorgan Ultra-Short Municipal ETF comprises 2.5% of Lavelle Capital LP’s investment portfolio, making the stock its 9th biggest position. Lavelle Capital LP owned 0.10% of JPMorgan Ultra-Short Municipal ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.8% in the first 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 period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock worth $202,391,000 after purchasing an additional 192,499 shares during the period. LPL Financial LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock valued at $154,058,000 after buying an additional 54,500 shares during the last quarter. HB Wealth Management LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 17.2% in the 1st quarter. HB Wealth Management LLC now owns 2,551,982 shares of the company’s stock valued at $130,100,000 after buying an additional 374,070 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 20.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after buying an additional 287,225 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.91 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.83 and a 1 year high of $51.13. The company’s fifty day moving average is $50.92 and its two-hundred day moving average is $50.97.

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.