Thrivent Financial for Lutherans Sells 162,476 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Thrivent Financial for Lutherans reduced its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 41.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 232,838 shares of the company’s stock after selling 162,476 shares during the period. Thrivent Financial for Lutherans’ holdings in JPMorgan Ultra-Short Municipal ETF were worth $11,866,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in JPMorgan Ultra-Short Municipal ETF by 13.8% in the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after purchasing an additional 460,157 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 4.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,780,629 shares of the company’s stock worth $192,963,000 after purchasing an additional 168,124 shares during the last quarter. HB Wealth Management LLC lifted its stake 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 purchasing an additional 444,793 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 0.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,432,023 shares of the company’s stock worth $73,068,000 after purchasing an additional 11,620 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 18.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,268,731 shares of the company’s stock worth $64,693,000 after purchasing an additional 198,260 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.86 on Wednesday. The firm has a fifty day simple moving average of $50.94 and a two-hundred day simple moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.71 and a twelve 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.