JPMorgan Ultra-Short Municipal ETF $JMST Position Trimmed by Whitegate Investment Counselors Inc.

Whitegate Investment Counselors Inc. lessened its position in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 39.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,534 shares of the company’s stock after selling 64,908 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up 1.5% of Whitegate Investment Counselors Inc.’s portfolio, making the stock its 21st biggest position. Whitegate Investment Counselors Inc. owned about 0.06% of JPMorgan Ultra-Short Municipal ETF worth $5,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMST. Phoenix Wealth Advisors raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 22.4% in the 3rd quarter. Phoenix Wealth Advisors now owns 319,701 shares of the company’s stock worth $16,164,000 after purchasing an additional 58,607 shares during the period. Syverson Strege & Co grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 9.3% during the 3rd quarter. Syverson Strege & Co now owns 57,965 shares of the company’s stock worth $2,931,000 after purchasing an additional 4,954 shares during the period. Birchwood Financial Partners Inc. grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 216.1% during the 3rd quarter. Birchwood Financial Partners Inc. now owns 9,352 shares of the company’s stock worth $473,000 after purchasing an additional 6,393 shares during the period. Horizon Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $2,419,000. Finally, Kestra Advisory Services LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 289.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 196,169 shares of the company’s stock worth $9,918,000 after purchasing an additional 145,833 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

JMST traded up $0.01 on Friday, reaching $50.93. 1,758,534 shares of the company’s stock were exchanged, compared to its average volume of 1,347,186. The company’s 50 day moving average is $50.76 and its 200-day moving average is $50.91. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.46 and a twelve month high of $51.13.

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.