Ballentine Partners LLC Buys New Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Ballentine Partners LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,296 shares of the company’s stock, valued at approximately $370,000.

Other hedge funds also recently added to or reduced their stakes in the company. River Street Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $60,000. MidAtlantic Capital Management Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $80,000. Key Financial Inc raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 65.6% during the third quarter. Key Financial Inc now owns 2,116 shares of the company’s stock valued at $108,000 after purchasing an additional 838 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth $112,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.2 %

JMST opened at $50.85 on Friday. The company’s fifty day moving average price is $50.79 and its two-hundred day moving average price is $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.