Dynasty Wealth Management LLC Takes Position in JPMorgan Ultra-Short Municipal ETF $JMST

Dynasty Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 233,996 shares of the company’s stock, valued at approximately $11,920,000.

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

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.90 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.73 and a 12-month high of $51.13. The firm has a 50-day moving average price of $50.92 and a 200 day moving average price of $50.98.

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.