Citadel Advisors LLC Cuts Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Citadel Advisors LLC lessened its position in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 92.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 38,538 shares of the company’s stock after selling 468,562 shares during the period. Citadel Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 0.6% during the first quarter. Root Financial Partners LLC now owns 39,321 shares of the company’s stock worth $2,005,000 after purchasing an additional 225 shares in the last quarter. Narus Financial Partners LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 0.7% during the 1st quarter. Narus Financial Partners LLC now owns 34,970 shares of the company’s stock worth $1,783,000 after buying an additional 240 shares in the last quarter. Schwallier Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 4.3% in the 4th quarter. Schwallier Wealth Management LLC now owns 6,761 shares of the company’s stock valued at $346,000 after buying an additional 278 shares during the period. Equitable Holdings Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% in the third quarter. Equitable Holdings Inc. now owns 28,263 shares of the company’s stock valued at $1,443,000 after buying an additional 285 shares in the last quarter. Finally, Strategic Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 1.0% during the first quarter. Strategic Wealth Advisors LLC now owns 29,288 shares of the company’s stock worth $1,493,000 after acquiring an additional 295 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

NYSEARCA:JMST opened at $50.83 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.79 and a 1 year high of $51.13. The stock has a fifty day moving average price of $50.90 and a two-hundred day moving average price of $50.93.

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.