Galvin Gaustad & Stein LLC Sells 2,140 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Galvin Gaustad & Stein LLC lowered its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,187 shares of the company’s stock after selling 2,140 shares during the period. Galvin Gaustad & Stein LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 93.4% during the 1st quarter. Allworth Financial LP now owns 617 shares of the company’s stock worth $31,000 after purchasing an additional 298 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth approximately $41,000. Rossby Financial LCC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth approximately $43,000. Cooksen Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth approximately $51,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth approximately $76,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.94 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year high of $50.98. The business’s 50 day simple moving average is $50.99 and its 200 day simple moving average is $50.82.

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.