Paradigm Strategies in Wealth Management LLC Sells 15,446 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Paradigm Strategies in Wealth Management LLC reduced its stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 48.8% in the third quarter, HoldingsChannel.com reports. The fund owned 16,200 shares of the company’s stock after selling 15,446 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for 0.5% of Paradigm Strategies in Wealth Management LLC’s portfolio, making the stock its 29th biggest position. Paradigm Strategies in Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after purchasing an additional 716,311 shares during the period. Corient Private Wealth LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 139.9% in the fourth quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock worth $45,506,000 after buying an additional 520,911 shares during the period. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter worth $21,870,000. Gradient Investments LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at $20,465,000. Finally, Resonant Capital Advisors LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 20.1% in the first 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 last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST stock traded down $0.01 during mid-day trading on Friday, reaching $50.73. The company had a trading volume of 2,971,223 shares, compared to its average volume of 1,315,234. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.46 and a one year high of $51.13. The stock’s 50-day simple moving average is $50.77 and its two-hundred day simple moving average is $50.86.

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.