Shum Financial Group Inc. Boosts Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Shum Financial Group Inc. lifted its holdings in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 101.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,986 shares of the company’s stock after purchasing an additional 17,144 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up 1.0% of Shum Financial Group Inc.’s holdings, making the stock its 28th biggest holding. Shum Financial Group Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,733,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 48.3% in the 1st quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock valued at $713,000 after buying an additional 4,561 shares during the period. Main Street Financial Solutions LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 31.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock worth $1,060,000 after acquiring an additional 4,942 shares in the last quarter. Peapack Gladstone Financial Corp increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 70.9% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 15,787 shares of the company’s stock valued at $804,000 after purchasing an additional 6,547 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 30.4% in the 2nd quarter. Raymond James Financial Inc. now owns 714,466 shares of the company’s stock valued at $36,381,000 after purchasing an additional 166,441 shares during the last quarter. Finally, NCM Capital Management LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 8.4% in the second quarter. NCM Capital Management LLC now owns 48,690 shares of the company’s stock valued at $2,479,000 after buying an additional 3,775 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.1%

JMST opened at $50.83 on Friday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.79 and a one year high of $51.13. The business’s 50-day simple moving average is $50.90 and its 200-day simple moving average is $50.94.

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.