42,353 Shares in JPMorgan Ultra-Short Municipal ETF $JMST Bought by Directional Asset Management

Directional Asset Management acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,353 shares of the company’s stock, valued at approximately $2,157,000. JPMorgan Ultra-Short Municipal ETF comprises 1.9% of Directional Asset Management’s portfolio, making the stock its 14th biggest holding. Directional Asset Management owned 0.05% of JPMorgan Ultra-Short Municipal ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JMST. AQR Capital Management LLC grew its stake in shares of 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 valued at $713,000 after purchasing an additional 4,561 shares during the period. Main Street Financial Solutions LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 31.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock worth $1,060,000 after purchasing an additional 4,942 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 70.9% in the second quarter. Peapack Gladstone Financial Corp now owns 15,787 shares of the company’s stock worth $804,000 after buying an additional 6,547 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 30.4% in the second quarter. Raymond James Financial Inc. now owns 714,466 shares of the company’s stock worth $36,381,000 after buying an additional 166,441 shares during the last quarter. Finally, NCM Capital Management LLC grew its position in 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 buying an additional 3,775 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.0%

Shares of JMST stock opened at $50.93 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.65 and a 12 month high of $51.13. The company has a 50 day simple moving average of $50.99 and a two-hundred day simple moving average 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.