Paladin Advisory Group LLC Sells 8,979 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Paladin Advisory Group LLC trimmed its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 16.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,283 shares of the company’s stock after selling 8,979 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up approximately 1.8% of Paladin Advisory Group LLC’s portfolio, making the stock its 17th biggest position. Paladin Advisory Group LLC owned approximately 0.06% of JPMorgan Ultra-Short Municipal ETF worth $2,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in JPMorgan Ultra-Short Municipal ETF by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 718,134 shares of the company’s stock valued at $36,517,000 after purchasing an additional 5,259 shares during the period. Envestnet Asset Management Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 102.9% in the first quarter. Envestnet Asset Management Inc. now owns 443,614 shares of the company’s stock worth $22,558,000 after buying an additional 224,977 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the first quarter worth $1,524,000. Stratos Investment Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the first quarter worth $225,000. Finally, Stratos Wealth Partners LTD. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 13.6% in the first quarter. Stratos Wealth Partners LTD. now owns 47,314 shares of the company’s stock worth $2,406,000 after buying an additional 5,665 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.88 on Thursday. The business’s fifty day simple moving average is $50.98 and its 200 day simple moving average is $50.86. 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 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.