59,569 Shares in JPMorgan Ultra-Short Municipal ETF $JMST Acquired by Invariant Investment Management

Invariant Investment Management bought a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 59,569 shares of the company’s stock, valued at approximately $3,039,000. JPMorgan Ultra-Short Municipal ETF accounts for about 1.9% of Invariant Investment Management’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rice Partnership LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth approximately $43,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after buying an additional 1,013 shares during the last quarter. US Bancorp DE lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after buying an additional 653 shares during the last quarter. Park Place Capital Corp lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 118.3% during the fourth quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock worth $90,000 after buying an additional 952 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth approximately $96,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.92 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.56 and a 12 month high of $51.13. The stock has a 50 day moving average of $51.01 and a 200-day moving average of $50.99.

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.