Klingman & Associates LLC Buys 74,345 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Klingman & Associates LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 156.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 121,774 shares of the company’s stock after purchasing an additional 74,345 shares during the quarter. Klingman & Associates LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $6,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JMST. Root Financial Partners LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 0.6% in the first quarter. Root Financial Partners LLC now owns 39,321 shares of the company’s stock valued at $2,005,000 after acquiring an additional 225 shares during the period. Narus Financial Partners LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 0.7% during the first quarter. Narus Financial Partners LLC now owns 34,970 shares of the company’s stock worth $1,783,000 after purchasing an additional 240 shares during the period. Schwallier Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.3% during the fourth quarter. Schwallier Wealth Management LLC now owns 6,761 shares of the company’s stock worth $346,000 after purchasing an additional 278 shares during the period. Equitable Holdings Inc. lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the 3rd quarter. Equitable Holdings Inc. now owns 28,263 shares of the company’s stock valued at $1,443,000 after purchasing an additional 285 shares in the last quarter. Finally, Philip James Wealth Mangement LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.6% during the 4th quarter. Philip James Wealth Mangement LLC now owns 46,281 shares of the company’s stock valued at $2,358,000 after purchasing an additional 294 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.88 on Friday. The business has a 50 day simple moving average of $50.92 and a 200 day simple moving average of $50.97. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.83 and a 52-week 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.