Firestone Capital Management Boosts Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Firestone Capital Management lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 28.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,798 shares of the company’s stock after acquiring an additional 11,459 shares during the quarter. Firestone Capital Management owned 0.06% of JPMorgan Ultra-Short Municipal ETF worth $2,642,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at approximately $36,000. US Bancorp DE raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% in the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after purchasing an additional 653 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at approximately $71,000. MidAtlantic Capital Management Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at approximately $80,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at approximately $83,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.82 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.80 and a twelve month high of $51.13. The firm has a 50 day simple moving average of $50.91 and a 200-day simple moving average of $50.94.

About JPMorgan Ultra-Short Municipal ETF

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.