Goelzer Investment Management Inc. Buys New Shares in JPMorgan Ultra-Short Municipal ETF $JMST

Goelzer Investment Management Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,625 shares of the company’s stock, valued at approximately $1,599,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the first quarter worth approximately $36,000. Cherry Tree Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the second quarter worth approximately $45,000. Birchwood Financial Partners Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 1st quarter valued at $150,000. NBH Bank acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at $166,000. Finally, Cypress Capital Group acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 1st quarter valued at $204,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of NYSEARCA JMST opened at $50.73 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.46 and a 52-week high of $51.13. The firm has a fifty day moving average of $50.77 and a 200-day moving average of $50.86.

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.