Northwestern Mutual Wealth Management Co. Sells 3,679,864 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Northwestern Mutual Wealth Management Co. lowered its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 97.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,765 shares of the company’s stock after selling 3,679,864 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of JMST. Sage Mountain Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $30,055,000. Bank of America Corp DE raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% in the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after purchasing an additional 460,157 shares during the period. HB Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 25.7% in the fourth quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock valued at $110,943,000 after purchasing an additional 444,793 shares during the period. TFO Wealth Partners LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 438.9% in the fourth quarter. TFO Wealth Partners LLC now owns 342,711 shares of the company’s stock valued at $17,458,000 after purchasing an additional 279,117 shares during the period. Finally, Simon Quick Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $10,480,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.88 on Friday. The company’s 50 day moving average is $50.93 and its 200-day moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.71 and a 12-month 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.