Weatherly Asset Management L. P. Has $37.04 Million Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Weatherly Asset Management L. P. increased its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 2.7% during the first quarter, HoldingsChannel reports. The fund owned 726,586 shares of the company’s stock after acquiring an additional 18,950 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for about 3.0% of Weatherly Asset Management L. P.’s investment portfolio, making the stock its 6th biggest holding. Weatherly Asset Management L. P.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $37,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in 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 worth $713,000 after purchasing an additional 4,561 shares in the last quarter. Main Street Financial Solutions LLC lifted its holdings 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 purchasing an additional 4,942 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings 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 purchasing an additional 6,547 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 30.4% during 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 boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 8.4% during the second quarter. NCM Capital Management LLC now owns 48,690 shares of the company’s stock valued at $2,479,000 after buying an additional 3,775 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.96 on Friday. The stock has a fifty day simple moving average of $50.92 and a 200 day simple moving average of $50.98. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.79 and a 12-month high of $51.13.

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.