Gradient Investments LLC Purchases 84,397 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Gradient Investments LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 31.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 356,845 shares of the company’s stock after buying an additional 84,397 shares during the quarter. Gradient Investments LLC owned about 0.45% of JPMorgan Ultra-Short Municipal ETF worth $18,199,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at about $36,000. US Bancorp DE grew its holdings in JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after purchasing an additional 653 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth about $71,000. MidAtlantic Capital Management Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $80,000. Finally, Core Wealth Advisors LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $83,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.89 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.80 and a 12 month high of $51.13. The stock’s fifty day moving average price is $50.92 and its 200-day moving average price is $50.96.

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.