LPL Financial LLC Increases Position in JPMorgan Ultra-Short Municipal ETF $JMST

LPL Financial LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,024,296 shares of the company’s stock after purchasing an additional 54,500 shares during the period. LPL Financial LLC owned about 3.79% of JPMorgan Ultra-Short Municipal ETF worth $154,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of JMST. Rice Partnership LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $43,000. US Bancorp DE increased its stake 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 valued at $59,000 after purchasing an additional 653 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $71,000. MidAtlantic Capital Management Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $80,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $83,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.93 on Thursday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.77 and a twelve month high of $51.13. The business has a 50-day moving average price of $50.91 and a 200 day moving average price 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.