James J. Burns & Company LLC decreased its position in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report) by 70.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,256 shares of the company’s stock after selling 26,588 shares during the period. James J. Burns & Company LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $569,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of JMST. Allspring Global Investments Holdings LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the first quarter valued at about $36,000. Cherry Tree Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $45,000. Birchwood Financial Partners Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth about $150,000. NBH Bank acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $166,000. Finally, Cypress Capital Group acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth about $204,000.
JPMorgan Ultra-Short Municipal ETF Price Performance
NYSEARCA:JMST traded up $0.02 during mid-day trading on Friday, hitting $50.90. 1,341,461 shares of the company’s stock traded hands, compared to its average volume of 1,328,370. The firm has a 50 day moving average of $50.76 and a two-hundred day moving average of $50.86. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.46 and a 12 month high of $51.13.
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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