Royal Bank of Canada Acquires 52,593 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Royal Bank of Canada lifted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 644,321 shares of the company’s stock after buying an additional 52,593 shares during the quarter. Royal Bank of Canada’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $32,847,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 48.3% during 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 lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 31.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock worth $1,060,000 after purchasing an additional 4,942 shares during the period. Peapack Gladstone Financial Corp boosted its position in JPMorgan Ultra-Short Municipal ETF by 70.9% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 15,787 shares of the company’s stock valued at $804,000 after acquiring an additional 6,547 shares in the last quarter. Raymond James Financial Inc. boosted its position in JPMorgan Ultra-Short Municipal ETF by 30.4% during 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 in the last quarter. Finally, NCM Capital Management LLC raised its holdings in 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 worth $2,479,000 after purchasing an additional 3,775 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.85 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.80 and a 1-year high of $51.13. The business has a fifty day moving average price of $50.92 and a 200-day moving average price of $50.97.

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.