Sandy Cove Advisors LLC Acquires New Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Sandy Cove Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,540 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HTLF Bank lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% during the 3rd quarter. HTLF Bank now owns 8,162 shares of the company’s stock worth $416,000 after acquiring an additional 253 shares during the last quarter. Essex Savings Bank lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 4.6% during the third quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock worth $322,000 after buying an additional 276 shares during the period. Red Mountain Financial LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 1.4% in the third quarter. Red Mountain Financial LLC now owns 20,831 shares of the company’s stock valued at $1,061,000 after purchasing an additional 285 shares during the last quarter. WealthCare Investment Partners LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.1% during the 3rd quarter. WealthCare Investment Partners LLC now owns 15,486 shares of the company’s stock worth $787,000 after acquiring an additional 317 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 7,244 shares of the company’s stock valued at $369,000 after purchasing an additional 348 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST opened at $50.81 on Friday. The firm’s 50-day moving average is $50.79 and its 200-day moving average is $50.81.

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.