GAMMA Investing LLC Raises Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

GAMMA Investing LLC grew its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 22.7% in the fourth quarter, Holdings Channel reports. The fund owned 17,228 shares of the company’s stock after purchasing an additional 3,192 shares during the period. GAMMA Investing LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $874,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JMST. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 70,821 shares during the last quarter. Boulder Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 209.5% in the third quarter. Boulder Wealth Advisors LLC now owns 127,672 shares of the company’s stock valued at $6,504,000 after purchasing an additional 86,418 shares during the period. Franklin Resources Inc. lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 153,837 shares of the company’s stock valued at $7,815,000 after purchasing an additional 4,050 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 92.5% during the 3rd quarter. Synovus Financial Corp now owns 112,606 shares of the company’s stock worth $5,736,000 after purchasing an additional 54,117 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $1,073,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.72 on Friday. The firm has a 50-day moving average of $50.79 and a 200-day moving average of $50.81.

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.