Princeton Global Asset Management LLC Sells 22,310 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Princeton Global Asset Management LLC lessened its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 47.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,120 shares of the company’s stock after selling 22,310 shares during the quarter. Princeton Global Asset Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,282,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of JMST. Kovitz Investment Group Partners LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the first quarter worth approximately $240,000. Raymond James Financial Inc. grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 25.0% in the first quarter. Raymond James Financial Inc. now owns 548,025 shares of the company’s stock valued at $27,867,000 after purchasing an additional 109,667 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 23.5% during the first quarter. Kestra Advisory Services LLC now owns 24,504 shares of the company’s stock worth $1,246,000 after purchasing an additional 4,670 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 31.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,147,636 shares of the company’s stock worth $160,057,000 after purchasing an additional 748,311 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 20.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,618 shares of the company’s stock worth $235,000 after purchasing an additional 797 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST opened at $51.02 on Friday. The business has a fifty day simple moving average of $50.94 and a 200 day simple moving average of $50.90. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $50.98.

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.