Cresset Asset Management LLC Sells 14,631 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Cresset Asset Management LLC trimmed its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 45.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,719 shares of the company’s stock after selling 14,631 shares during the period. Cresset Asset Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Advisors Wealth Management LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 28.5% in the second quarter. Capital Advisors Wealth Management LLC now owns 8,243 shares of the company’s stock valued at $420,000 after purchasing an additional 1,827 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at $4,644,000. WCG Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 47.2% in the 2nd quarter. WCG Wealth Advisors LLC now owns 176,462 shares of the company’s stock valued at $8,985,000 after buying an additional 56,607 shares in the last quarter. Beacon Pointe Advisors LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 60.6% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 12,858 shares of the company’s stock valued at $655,000 after buying an additional 4,853 shares in the last quarter. Finally, Boston Family Office LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 103.3% during the 2nd quarter. Boston Family Office LLC now owns 16,509 shares of the company’s stock worth $841,000 after buying an additional 8,387 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.3%

JMST stock opened at $50.92 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year high of $50.98. The business’s 50-day moving average price is $50.93 and its two-hundred day moving average price is $50.89.

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.