IMZ Advisory Inc Reduces Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

IMZ Advisory Inc lowered its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 86.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,731 shares of the company’s stock after selling 67,658 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up 0.2% of IMZ Advisory Inc’s portfolio, making the stock its 23rd biggest holding. IMZ Advisory Inc’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $547,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JMST. Allspring Global Investments Holdings LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 1st quarter worth $36,000. US Bancorp DE boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% during the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after purchasing an additional 653 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at about $71,000. MidAtlantic Capital Management Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at about $80,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at about $83,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.83 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.80 and a 1 year high of $51.13. The firm has a 50-day moving average of $50.92 and a 200 day moving average of $50.96.

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.