Tortoise Investment Management LLC Raises Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Tortoise Investment Management LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 58.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 156,530 shares of the company’s stock after purchasing an additional 57,580 shares during the period. Tortoise Investment Management LLC owned about 0.23% of JPMorgan Ultra-Short Municipal ETF worth $7,960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $2,613,000. Laurel Wealth Planning LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 19.1% during the first quarter. Laurel Wealth Planning LLC now owns 48,914 shares of the company’s stock valued at $2,487,000 after buying an additional 7,848 shares in the last quarter. Comerica Bank raised its stake in JPMorgan Ultra-Short Municipal ETF by 9.1% during the fourth quarter. Comerica Bank now owns 6,000 shares of the company’s stock valued at $304,000 after buying an additional 500 shares in the last quarter. Fairview Capital Investment Management LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 3.1% during the fourth quarter. Fairview Capital Investment Management LLC now owns 72,625 shares of the company’s stock valued at $3,683,000 after buying an additional 2,200 shares in the last quarter. Finally, NCM Capital Management LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 85.2% during the fourth quarter. NCM Capital Management LLC now owns 18,480 shares of the company’s stock valued at $937,000 after buying an additional 8,500 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $51.03 on Thursday. The stock’s 50 day moving average price is $50.82 and its two-hundred day moving average price is $50.78. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high 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.