SkyOak Wealth LLC Cuts Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

SkyOak Wealth LLC reduced its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 28.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 67,322 shares of the company’s stock after selling 26,419 shares during the quarter. SkyOak Wealth LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Directional Asset Management purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $2,157,000. Bolthouse Investments LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 117.0% during the fourth quarter. Bolthouse Investments LLC now owns 36,445 shares of the company’s stock worth $1,857,000 after buying an additional 19,650 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $693,000. Beacon Investment Advisory Services Inc. grew its position in JPMorgan Ultra-Short Municipal ETF by 23.1% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 97,202 shares of the company’s stock worth $4,951,000 after buying an additional 18,212 shares during the period. Finally, Great Point Wealth Advisors LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 16.6% in the fourth quarter. Great Point Wealth Advisors LLC now owns 161,970 shares of the company’s stock valued at $8,251,000 after buying an additional 23,030 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

JMST stock opened at $50.92 on Friday. The firm has a 50 day moving average of $50.92 and a 200-day moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.83 and a 12-month high of $51.13.

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.