1900 Wealth Management LLC Trims Stake in JPMorgan Ultra-Short Municipal ETF $JMST

1900 Wealth Management LLC reduced its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 11.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 37,046 shares of the company’s stock after selling 4,639 shares during the period. 1900 Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its position in JPMorgan Ultra-Short Municipal ETF by 93.4% in the 1st quarter. Allworth Financial LP now owns 617 shares of the company’s stock valued at $31,000 after acquiring an additional 298 shares during the period. Park Place Capital Corp acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at about $41,000. Rossby Financial LCC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 1st quarter valued at about $43,000. Cooksen Wealth LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 1st quarter valued at about $51,000. Finally, Global Trust Asset Management LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 1st quarter valued at about $76,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.92 on Friday. The stock’s 50-day moving average price is $50.99 and its 200 day moving average price is $50.82. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high of $50.98.

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.