Founders Financial Securities LLC Cuts Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Founders Financial Securities LLC decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 83.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,026 shares of the company’s stock after selling 25,940 shares during the quarter. Founders Financial Securities LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 5.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock valued at $202,391,000 after purchasing an additional 192,499 shares in the last quarter. Bank of America Corp DE grew its position in JPMorgan Ultra-Short Municipal ETF by 13.8% in the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after purchasing an additional 460,157 shares in the last quarter. LPL Financial LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after purchasing an additional 54,500 shares in the last quarter. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 25.7% in the 4th quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock valued at $110,943,000 after buying an additional 444,793 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in JPMorgan Ultra-Short Municipal ETF by 10.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,481,928 shares of the company’s stock valued at $75,489,000 after buying an additional 136,125 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.97 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.79 and a 52 week high of $51.13. The company’s 50 day moving average price is $50.92 and its two-hundred day moving average price is $50.98.

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.