McCarthy & Cox Takes Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

McCarthy & Cox bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,193 shares of the company’s stock, valued at approximately $314,000.

Several other hedge funds have also recently bought and sold shares of the business. LPL Financial LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 9.5% during the third quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock worth $98,095,000 after buying an additional 167,861 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 4.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock valued at $88,517,000 after acquiring an additional 67,868 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 28.8% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock worth $58,594,000 after purchasing an additional 257,415 shares during the period. Salomon & Ludwin LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 438.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after purchasing an additional 830,218 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in JPMorgan Ultra-Short Municipal ETF by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after purchasing an additional 70,821 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.81 on Monday. The stock’s 50 day moving average is $50.79 and its 200-day moving average is $50.81.

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.