Tortoise Investment Management LLC Has $7.90 Million Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Tortoise Investment Management LLC cut its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,119 shares of the company’s stock after selling 20,121 shares during the period. Tortoise Investment Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $7,902,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JMST. Rice Partnership LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $43,000. US Bancorp DE raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% in the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after buying an additional 653 shares in the last quarter. Park Place Capital Corp raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 118.3% in the 4th quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock worth $90,000 after buying an additional 952 shares in the last quarter. Triumph Capital Management acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $96,000. Finally, GGM Financials LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $100,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.87 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.71 and a 1 year high of $51.13. The stock has a 50 day simple moving average of $50.95 and a 200-day simple moving average of $50.98.

About JPMorgan Ultra-Short Municipal ETF

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.