Bristlecone Value Partners LLC Makes New $1.20 Million Investment in JPMorgan Ultra-Short Municipal ETF $JMST

Bristlecone Value Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, Holdings Channel reports. The fund purchased 23,560 shares of the company’s stock, valued at approximately $1,200,000. JPMorgan Ultra-Short Municipal ETF makes up about 1.4% of Bristlecone Value Partners LLC’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 27.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 166,353 shares of the company’s stock worth $8,474,000 after purchasing an additional 36,048 shares during the period. Arete Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 14.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 4,726 shares of the company’s stock worth $241,000 after purchasing an additional 594 shares during the period. Jacobi Capital Management LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 14.4% during the 4th quarter. Jacobi Capital Management LLC now owns 19,311 shares of the company’s stock worth $984,000 after purchasing an additional 2,436 shares during the period. UMB Bank n.a. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $382,000. Finally, Southeast Asset Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 34.1% during the 4th quarter. Southeast Asset Advisors LLC now owns 150,610 shares of the company’s stock worth $7,672,000 after purchasing an additional 38,320 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

Shares of BATS JMST opened at $50.91 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.79 and a 12 month high of $51.13. The firm’s 50 day simple moving average is $50.91 and its 200-day simple moving average is $50.98.

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.