Lavelle Capital LP Acquires Shares of 78,480 JPMorgan Ultra-Short Municipal ETF $JMST

Lavelle Capital LP bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 78,480 shares of the company’s stock, valued at approximately $4,001,000. JPMorgan Ultra-Short Municipal ETF accounts for about 2.5% of Lavelle Capital LP’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMST. Sage Mountain Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at approximately $30,055,000. Corient Private Wealth LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 139.9% in the fourth quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock valued at $45,506,000 after buying an additional 520,911 shares in the last quarter. Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after acquiring an additional 460,157 shares during the period. HB Wealth Management LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 25.7% in the fourth quarter. HB Wealth Management LLC now owns 2,177,912 shares of the company’s stock worth $110,943,000 after acquiring an additional 444,793 shares in the last quarter. Finally, WCG Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 262.3% in the fourth quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock worth $25,116,000 after acquiring an additional 356,972 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.91 on Friday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.83 and a one year high of $51.13. The business has a fifty day moving average of $50.92 and a two-hundred day moving average 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.