HighTower Advisors LLC Buys 18,221 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

HighTower Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 466,576 shares of the company’s stock after purchasing an additional 18,221 shares during the period. HighTower Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $23,767,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of JMST. AQR Capital Management LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 48.3% during the 1st quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock valued at $713,000 after purchasing an additional 4,561 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 31.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 20,822 shares of the company’s stock valued at $1,060,000 after acquiring an additional 4,942 shares during the period. Peapack Gladstone Financial Corp lifted its position in JPMorgan Ultra-Short Municipal ETF by 70.9% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 15,787 shares of the company’s stock valued at $804,000 after acquiring an additional 6,547 shares during the period. Raymond James Financial Inc. lifted its position in JPMorgan Ultra-Short Municipal ETF by 30.4% during the 2nd quarter. Raymond James Financial Inc. now owns 714,466 shares of the company’s stock valued at $36,381,000 after acquiring an additional 166,441 shares during the period. Finally, NCM Capital Management LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 8.4% during the 2nd quarter. NCM Capital Management LLC now owns 48,690 shares of the company’s stock valued at $2,479,000 after acquiring an additional 3,775 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.88 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.71 and a 1 year high of $51.13. The firm has a 50-day moving average of $50.93 and a 200 day moving average of $50.98.

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.