AlphaCore Capital LLC Grows Stake in JPMorgan Ultra-Short Municipal ETF $JMST

AlphaCore Capital LLC raised its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 582,811 shares of the company’s stock after acquiring an additional 85,971 shares during the quarter. AlphaCore Capital LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $29,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of JMST. AQR Capital Management LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 48.3% in the first quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock valued at $713,000 after purchasing an additional 4,561 shares during the period. Main Street Financial Solutions LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 31.1% in the second quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock valued at $1,060,000 after purchasing an additional 4,942 shares during the period. Peapack Gladstone Financial Corp raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 70.9% in the second quarter. Peapack Gladstone Financial Corp now owns 15,787 shares of the company’s stock valued at $804,000 after purchasing an additional 6,547 shares during the period. Raymond James Financial Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 30.4% in the second quarter. Raymond James Financial Inc. now owns 714,466 shares of the company’s stock valued at $36,381,000 after purchasing an additional 166,441 shares during the period. Finally, NCM Capital Management LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 8.4% in the second quarter. NCM Capital Management LLC now owns 48,690 shares of the company’s stock valued at $2,479,000 after purchasing an additional 3,775 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.88 on Friday. The company’s 50 day moving average is $50.95 and its 200-day moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.71 and a 12-month high of $51.13.

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.