JPMorgan Ultra-Short Municipal ETF $JMST Stake Lowered by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 236,612 shares of the company’s stock after selling 15,962 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $12,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 48.3% during the 1st quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock worth $713,000 after buying an additional 4,561 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 31.1% in the second quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock valued at $1,060,000 after buying an additional 4,942 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 70.9% during the second quarter. Peapack Gladstone Financial Corp now owns 15,787 shares of the company’s stock valued at $804,000 after acquiring an additional 6,547 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 30.4% during the second quarter. Raymond James Financial Inc. now owns 714,466 shares of the company’s stock valued at $36,381,000 after acquiring an additional 166,441 shares during the period. Finally, NCM Capital Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 8.4% during the second quarter. NCM Capital Management LLC now owns 48,690 shares of the company’s stock valued at $2,479,000 after acquiring an additional 3,775 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.93 on Thursday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.83 and a one year high of $51.13. The company has a 50-day simple moving average of $50.92 and a 200-day simple moving average of $50.97.

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.