Manning & Napier Advisors LLC Has $5.37 Million Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Manning & Napier Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 105,217 shares of the company’s stock after buying an additional 13,536 shares during the quarter. Manning & Napier Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JMST. Rice Partnership LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at approximately $43,000. Financial Network Wealth Advisors LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after buying an additional 1,013 shares during the last quarter. US Bancorp DE raised its position in JPMorgan Ultra-Short Municipal ETF by 130.6% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after acquiring an additional 653 shares in the last quarter. Park Place Capital Corp raised its position in JPMorgan Ultra-Short Municipal ETF by 118.3% during the fourth quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock valued at $90,000 after acquiring an additional 952 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $96,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.90 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.71 and a 12 month high of $51.13. The firm has a 50 day moving average of $50.97 and a two-hundred day moving average 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.