JPMorgan Ultra-Short Municipal ETF $JMST Shares Sold by Paradigm Strategies in Wealth Management LLC

Paradigm Strategies in Wealth Management LLC lowered its stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 48.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,200 shares of the company’s stock after selling 15,446 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for approximately 0.5% of Paradigm Strategies in Wealth Management LLC’s holdings, making the stock its 29th biggest holding. Paradigm Strategies in Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $819,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JMST. Goelzer Investment Management Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $1,599,000. Centerline Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 44.1% during the 3rd quarter. Centerline Wealth Advisors LLC now owns 6,477 shares of the company’s stock worth $327,000 after buying an additional 1,983 shares during the last quarter. AdvisorNet Financial Inc bought a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth approximately $880,000. Cherry Tree Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 101.1% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 1,778 shares of the company’s stock worth $90,000 after buying an additional 894 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth approximately $1,743,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST traded down $0.01 during mid-day trading on Friday, hitting $50.73. The stock had a trading volume of 2,971,223 shares, compared to its average volume of 1,315,234. The company’s fifty day simple moving average is $50.77 and its two-hundred day simple moving average is $50.86. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.46 and a fifty-two week high of $51.13.

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.