Paradigm Strategies in Wealth Management LLC Trims Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Paradigm Strategies in Wealth Management LLC lowered its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,773 shares of the company’s stock after selling 1,204 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for about 1.2% of Paradigm Strategies in Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Paradigm Strategies in Wealth Management LLC owned approximately 0.07% of JPMorgan Ultra-Short Municipal ETF worth $1,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JMST. Salomon & Ludwin LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% in the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock worth $51,939,000 after acquiring an additional 830,218 shares during the period. FSM Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 676.0% in the 3rd quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after purchasing an additional 517,187 shares in the last quarter. Annex Advisory Services LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $21,711,000. CWA Asset Management Group LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at approximately $19,911,000. Finally, Global Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $14,993,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST stock opened at $50.76 on Thursday. The stock has a 50 day moving average of $50.79 and a two-hundred day moving average of $50.81.

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.