JPMorgan Ultra-Short Municipal ETF $JMST Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 41.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 373,716 shares of the company’s stock after selling 268,900 shares during the period. Thrivent Financial for Lutherans owned 0.47% of JPMorgan Ultra-Short Municipal ETF worth $19,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 14.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,612,505 shares of the company’s stock valued at $183,949,000 after buying an additional 464,869 shares during the last quarter. Bank of America Corp DE boosted its stake in JPMorgan Ultra-Short Municipal ETF by 8.5% in the second quarter. Bank of America Corp DE now owns 3,326,397 shares of the company’s stock valued at $169,380,000 after acquiring an additional 259,552 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.9% during the second quarter. Resonant Capital Advisors LLC now owns 1,291,697 shares of the company’s stock worth $65,773,000 after purchasing an additional 11,940 shares during the last quarter. Grimes & Company Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $55,491,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 17.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,011,957 shares of the company’s stock valued at $51,529,000 after purchasing an additional 151,379 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.94 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high of $50.98. The stock’s 50 day moving average price is $50.93 and its 200 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.