JPMorgan Ultra-Short Municipal ETF $JMST Position Lifted by MJP Associates Inc. ADV

MJP Associates Inc. ADV boosted its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 22.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 457,401 shares of the company’s stock after acquiring an additional 84,902 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises 3.5% of MJP Associates Inc. ADV’s holdings, making the stock its 8th biggest position. MJP Associates Inc. ADV’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $23,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 414.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock worth $26,000 after acquiring an additional 414 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at $26,000. Allworth Financial LP boosted its stake in 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 during the period. Park Place Capital Corp acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth $41,000. Finally, Atlantic Union Bankshares Corp purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth $42,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS JMST opened at $50.92 on Friday. The firm’s fifty day moving average is $50.97 and its two-hundred day moving average is $50.87. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year high 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.