Paradigm Strategies in Wealth Management LLC Reduces Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Paradigm Strategies in Wealth Management LLC lowered its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,052 shares of the company’s stock after selling 1,173 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up 1.2% of Paradigm Strategies in Wealth Management LLC’s holdings, making the stock its 14th biggest position. Paradigm Strategies in Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JMST. Allworth Financial LP increased its position in JPMorgan Ultra-Short Municipal ETF by 93.4% during the 1st quarter. Allworth Financial LP now owns 617 shares of the company’s stock worth $31,000 after purchasing an additional 298 shares in the last quarter. Park Place Capital Corp purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $41,000. Rossby Financial LCC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth about $43,000. Briaud Financial Planning Inc purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $45,000. Finally, Cooksen Wealth LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth about $51,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.4%

JPMorgan Ultra-Short Municipal ETF stock opened at $50.97 on Wednesday. The stock has a 50-day moving average price of $50.99 and a 200 day moving average price of $50.84. 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.