Tradition Wealth Management LLC Sells 3,500 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Tradition Wealth Management LLC decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 12.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,750 shares of the company’s stock after selling 3,500 shares during the quarter. Tradition Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JMST. River Street Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $30,000. Chris Bulman Inc purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter valued at about $35,000. Financial Perspectives Inc bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter valued at about $40,000. Larson Financial Group LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $50,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $80,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST opened at $50.90 on Monday. The stock’s 50-day moving average is $50.82 and its 200 day moving average is $50.79.

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.