JPMorgan Ultra-Short Municipal ETF $JMST Stock Sold by Whitegate Investment Counselors Inc.

Whitegate Investment Counselors Inc. reduced its stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 39.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,534 shares of the company’s stock after selling 64,908 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up about 1.5% of Whitegate Investment Counselors Inc.’s investment portfolio, making the stock its 21st biggest holding. Whitegate Investment Counselors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Phoenix Wealth Advisors raised its position in JPMorgan Ultra-Short Municipal ETF by 22.4% in the third quarter. Phoenix Wealth Advisors now owns 319,701 shares of the company’s stock valued at $16,164,000 after purchasing an additional 58,607 shares during the period. Syverson Strege & Co boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 9.3% in the third quarter. Syverson Strege & Co now owns 57,965 shares of the company’s stock worth $2,931,000 after buying an additional 4,954 shares during the period. Birchwood Financial Partners Inc. grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 216.1% in the third quarter. Birchwood Financial Partners Inc. now owns 9,352 shares of the company’s stock valued at $473,000 after buying an additional 6,393 shares in the last quarter. Horizon Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $2,419,000. Finally, Kestra Advisory Services LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 289.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 196,169 shares of the company’s stock worth $9,918,000 after acquiring an additional 145,833 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

NYSEARCA:JMST traded up $0.01 during trading hours on Friday, hitting $50.93. The stock had a trading volume of 1,758,534 shares, compared to its average volume of 1,347,186. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.46 and a 1-year high of $51.13. The business has a 50 day simple moving average of $50.76 and a two-hundred day simple moving average of $50.91.

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.