Paladin Advisory Group LLC Sells 10,175 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Paladin Advisory Group LLC trimmed its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 27.7% during the first quarter, HoldingsChannel.com reports. The firm owned 26,522 shares of the company’s stock after selling 10,175 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up approximately 1.0% of Paladin Advisory Group LLC’s portfolio, making the stock its 29th biggest holding. Paladin Advisory Group LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 0.6% during the 1st quarter. Root Financial Partners LLC now owns 39,321 shares of the company’s stock worth $2,005,000 after buying an additional 225 shares during the period. Narus Financial Partners LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 0.7% in the 1st quarter. Narus Financial Partners LLC now owns 34,970 shares of the company’s stock valued at $1,783,000 after acquiring an additional 240 shares during the period. Cahaba Wealth Management Inc. increased its position in JPMorgan Ultra-Short Municipal ETF by 4.2% in the 4th quarter. Cahaba Wealth Management Inc. now owns 6,137 shares of the company’s stock valued at $313,000 after acquiring an additional 245 shares during the period. Schwallier Wealth Management LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 4.3% in the 4th quarter. Schwallier Wealth Management LLC now owns 6,761 shares of the company’s stock valued at $346,000 after acquiring an additional 278 shares during the period. Finally, Equitable Holdings Inc. raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the third quarter. Equitable Holdings Inc. now owns 28,263 shares of the company’s stock valued at $1,443,000 after acquiring an additional 285 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST traded up $0.01 during mid-day trading on Friday, reaching $50.93. 1,437,202 shares of the company’s stock were exchanged, compared to its average volume of 1,304,735. The business’s fifty day moving average price is $50.92 and its 200-day moving average price is $50.98. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.83 and a twelve month high of $51.13.

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.