Westmount Partners LLC Takes Position in JPMorgan Ultra-Short Municipal ETF $JMST

Westmount Partners LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 1st quarter, HoldingsChannel reports. The fund purchased 9,900 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds have also made changes to their positions in the company. Directional Asset Management acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $2,157,000. Revolve Wealth Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $693,000. Red Door Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $749,000. Bolthouse Investments LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 117.0% during the fourth quarter. Bolthouse Investments LLC now owns 36,445 shares of the company’s stock valued at $1,857,000 after buying an additional 19,650 shares during the period. Finally, Great Point Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 16.6% during the fourth quarter. Great Point Wealth Advisors LLC now owns 161,970 shares of the company’s stock valued at $8,251,000 after buying an additional 23,030 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.96 on Friday. The stock has a 50-day moving average price of $50.92 and a 200 day moving average price of $50.98. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.79 and a 1 year high of $51.13.

JPMorgan Ultra-Short Municipal ETF 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.