JPMorgan Ultra-Short Municipal ETF $JMST Shares Newly Bought by Lido Advisors LLC

Lido Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) in the third quarter, HoldingsChannel reports. The institutional investor acquired 359,407 shares of the company’s stock, valued at approximately $18,172,000.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in JPMorgan Ultra-Short Municipal ETF by 5.8% in the 1st quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock worth $213,332,000 after acquiring an additional 227,838 shares in the last quarter. HB Wealth Management LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 28.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after acquiring an additional 716,311 shares during the period. Bank of New York Mellon Corp raised its stake in JPMorgan Ultra-Short Municipal ETF by 14.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,261,630 shares of the company’s stock worth $64,318,000 after acquiring an additional 161,844 shares during the period. Salomon & Ludwin LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 1.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,213,760 shares of the company’s stock worth $61,368,000 after acquiring an additional 11,760 shares during the period. Finally, AlphaCore Capital LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 13.1% during the third quarter. AlphaCore Capital LLC now owns 844,642 shares of the company’s stock valued at $42,705,000 after purchasing an additional 97,595 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.0%

Shares of NYSEARCA:JMST opened at $50.91 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.46 and a 1-year high of $51.13. The firm’s 50 day simple moving average is $50.76 and its two-hundred day simple moving average is $50.91.

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.