Principle Wealth Partners LLC Cuts Position in JPMorgan Ultra-Short Municipal ETF $JMST

Principle Wealth Partners LLC cut its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 15.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,265 shares of the company’s stock after selling 37,149 shares during the quarter. Principle Wealth Partners LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $10,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Grimes & Company Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth $55,491,000. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan Ultra-Short Municipal ETF by 31.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,147,636 shares of the company’s stock worth $160,057,000 after buying an additional 748,311 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 981.9% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 585,649 shares of the company’s stock worth $29,780,000 after buying an additional 531,517 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 158.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 782,821 shares of the company’s stock worth $39,791,000 after buying an additional 479,460 shares during the last quarter. Finally, LPL Financial LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 16.4% during the 1st quarter. LPL Financial LLC now owns 2,710,883 shares of the company’s stock worth $137,848,000 after buying an additional 382,544 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.97 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year high of $50.98. The stock’s fifty day moving average price is $50.99 and its 200 day moving average price is $50.83.

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.