Gradient Investments LLC Acquires 404,776 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Gradient Investments LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) during the third quarter, according to its most recent filing with the SEC. The firm acquired 404,776 shares of the company’s stock, valued at approximately $20,465,000. Gradient Investments LLC owned about 0.27% of JPMorgan Ultra-Short Municipal ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock valued at $213,332,000 after acquiring an additional 227,838 shares during the period. HB Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% in the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock valued at $166,683,000 after purchasing an additional 716,311 shares during the last quarter. LPL Financial LLC boosted its stake in shares of 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 valued at $154,058,000 after purchasing an additional 54,500 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock worth $87,647,000 after buying an additional 287,225 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 14.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,261,630 shares of the company’s stock worth $64,318,000 after buying an additional 161,844 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.0%

NYSEARCA JMST traded down $0.01 during trading hours on Thursday, hitting $50.56. The company’s stock had a trading volume of 614,289 shares, compared to its average volume of 1,287,667. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.46 and a twelve month high of $51.13. The stock has a fifty day moving average of $50.80 and a 200 day moving average of $50.88.

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.