Parallel Advisors LLC Cuts Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Parallel Advisors LLC trimmed its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 17.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,965 shares of the company’s stock after selling 15,517 shares during the period. Parallel Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JMST. Vise Technologies Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 333.2% in the 4th quarter. Vise Technologies Inc. now owns 27,888 shares of the company’s stock valued at $1,421,000 after acquiring an additional 21,450 shares during the period. WCG Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 262.3% during the fourth quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock worth $25,116,000 after acquiring an additional 356,972 shares during the period. Syntegra Private Wealth Group LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 21.7% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 129,239 shares of the company’s stock valued at $6,583,000 after purchasing an additional 23,010 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 19.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,099,786 shares of the company’s stock valued at $56,023,000 after purchasing an additional 177,944 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 152.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 44,118 shares of the company’s stock valued at $2,247,000 after purchasing an additional 26,621 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.93 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.73 and a 52 week high of $51.13. The firm has a 50-day simple moving average of $50.92 and a 200-day simple moving average 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.