64,845 JPMorgan Ultra-Short Municipal ETF $JMST Shares Sold by Global Wealth Management LLC

Global Wealth Management LLC trimmed its holdings in shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 12.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 437,550 shares of the company’s stock after selling 64,845 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for approximately 12.0% of Global Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Global Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $22,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Cherry Tree Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 101.1% in the 3rd quarter. Cherry Tree Wealth Management LLC now owns 1,778 shares of the company’s stock valued at $90,000 after buying an additional 894 shares in the last quarter. ZWJ Investment Counsel Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at approximately $1,743,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $21,870,000. Triumph Capital Management raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 19.8% in the third quarter. Triumph Capital Management now owns 7,802 shares of the company’s stock worth $394,000 after buying an additional 1,287 shares during the last quarter. Finally, Baker Ellis Asset Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $1,507,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of NYSEARCA:JMST opened at $50.74 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.46 and a 52-week high of $51.13. The business has a 50-day moving average price of $50.77 and a 200-day moving average price of $50.87.

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.