Mainsail Financial Group LLC Makes New $3.81 Million Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Mainsail Financial Group LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, Holdings Channel.com reports. The firm acquired 74,774 shares of the company’s stock, valued at approximately $3,809,000. JPMorgan Ultra-Short Municipal ETF comprises about 1.6% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 20th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Rice Partnership LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the third quarter worth approximately $43,000. Financial Network Wealth Advisors LLC lifted its position in 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 acquiring an additional 1,013 shares during the last quarter. US Bancorp DE lifted its position in 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 acquiring an additional 653 shares during the last quarter. Park Place Capital Corp lifted its position in 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 acquiring an additional 952 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth $96,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.91 on Friday. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.47 and a fifty-two week high of $51.13. The stock has a fifty day moving average of $51.02 and a 200-day moving average of $50.99.

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.