PFW Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report) by 70.8% in the third quarter, Holdings Channel reports. The firm owned 39,141 shares of the company’s stock after buying an additional 16,221 shares during the period. PFW Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,979,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMST. Allspring Global Investments Holdings LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the first quarter valued at $36,000. Cherry Tree Wealth Management LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $45,000. Cornerstone Financial Management LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $125,000. Birchwood Financial Partners Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth $150,000. Finally, NBH Bank purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth approximately $166,000.
JPMorgan Ultra-Short Municipal ETF Price Performance
Shares of JMST traded down $0.03 during midday trading on Wednesday, reaching $50.55. The stock had a trading volume of 714,401 shares, compared to its average volume of 1,286,261. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.46 and a 1-year high of $51.13. The company’s fifty day simple moving average is $50.80 and its two-hundred day simple moving average is $50.88.
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.
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Want to see what other hedge funds are holding JMST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Free Report).
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