Money Concepts Capital Corp Acquires New Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Money Concepts Capital Corp bought a new stake in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,627 shares of the company’s stock, valued at approximately $992,000.

Several other hedge funds and other institutional investors have also modified their holdings of JMST. Allspring Global Investments Holdings LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the first quarter valued at $36,000. Cherry Tree Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $45,000. Caldwell Trust Co acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $103,000. Signature Equity Partners LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $103,000. Finally, NBH Bank purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at about $166,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

NYSEARCA:JMST remained flat at $50.86 on Friday. The company’s stock had a trading volume of 1,186,648 shares, compared to its average volume of 1,353,441. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.46 and a 52 week high of $51.13. The firm’s 50-day simple moving average is $50.76 and its 200-day simple moving average is $50.90.

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.