Citizens Financial Group Inc. RI Makes New Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Citizens Financial Group Inc. RI acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) in the 3rd quarter, HoldingsChannel reports. The firm acquired 194,968 shares of the company’s stock, valued at approximately $9,858,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMST. OLIO Financial Planning raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.0% in the 3rd quarter. OLIO Financial Planning now owns 21,176 shares of the company’s stock valued at $1,071,000 after acquiring an additional 1,005 shares during the period. Professional Financial Management Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $2,944,000. Root Financial Partners LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 33.6% in the 3rd quarter. Root Financial Partners LLC now owns 70,463 shares of the company’s stock valued at $3,563,000 after purchasing an additional 17,713 shares in the last quarter. Boothe Investment Group Inc. raised its position in JPMorgan Ultra-Short Municipal ETF by 7.4% in the 3rd quarter. Boothe Investment Group Inc. now owns 294,570 shares of the company’s stock valued at $14,893,000 after purchasing an additional 20,281 shares in the last quarter. Finally, Shayne & Jacobs LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $303,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

Shares of JMST opened at $50.90 on Friday. The stock has a 50-day simple moving average of $50.76 and a 200-day simple moving average of $50.86. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.46 and a 1 year high of $51.13.

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.