Independent Financial Group LLC Takes Position in JPMorgan Ultra-Short Municipal ETF $JMST

Independent Financial Group LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,781 shares of the company’s stock, valued at approximately $703,000.

A number of other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 48.3% in the first 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 boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 31.1% during the second quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock worth $1,060,000 after buying an additional 4,942 shares during the period. Peapack Gladstone Financial Corp grew 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 worth $804,000 after buying an additional 6,547 shares during the last quarter. Raymond James Financial Inc. grew 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 worth $36,381,000 after buying an additional 166,441 shares during the last quarter. Finally, NCM Capital Management LLC grew 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 worth $2,479,000 after buying an additional 3,775 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.89 on Wednesday. The stock’s 50-day moving average price is $50.92 and its 200 day moving average price is $50.97. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.83 and a 52-week high of $51.13.

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.