Ironwood Investment Counsel LLC Lowers Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Ironwood Investment Counsel LLC lowered its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 25.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 77,731 shares of the company’s stock after selling 26,404 shares during the period. Ironwood Investment Counsel LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,960,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JMST. Sage Mountain Advisors LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $30,055,000. Bank of America Corp DE lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after buying an additional 460,157 shares during the period. HB Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 25.7% during the fourth quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock worth $110,943,000 after buying an additional 444,793 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 36.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,471 shares of the company’s stock worth $54,514,000 after buying an additional 287,650 shares during the period. Finally, TFO Wealth Partners LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 438.9% during the fourth quarter. TFO Wealth Partners LLC now owns 342,711 shares of the company’s stock worth $17,458,000 after buying an additional 279,117 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.88 on Monday. The business has a fifty day moving average of $50.95 and a two-hundred day moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.71 and a twelve month high of $51.13.

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.