JPMorgan Ultra-Short Municipal ETF $JMST Shares Bought by Gradient Investments LLC

Gradient Investments LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 51.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 145,763 shares of the company’s stock after buying an additional 49,405 shares during the period. Gradient Investments LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $7,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JMST. Creative Financial Designs Inc. ADV lifted its stake in JPMorgan Ultra-Short Municipal ETF by 414.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock worth $26,000 after acquiring an additional 414 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $26,000. Park Place Capital Corp acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $41,000. Atlantic Union Bankshares Corp acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $42,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at approximately $45,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.95 on Thursday. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week high of $50.98. The company has a 50 day moving average price of $50.93 and a 200 day moving average price of $50.90.

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.