Mainsail Financial Group LLC Acquires 41,291 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Mainsail Financial Group LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) by 32.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 169,752 shares of the company’s stock after acquiring an additional 41,291 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for approximately 2.9% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 15th biggest holding. Mainsail Financial Group LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $8,583,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Meridian Financial Partners LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $1,428,000. Citizens Financial Group Inc. RI bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth approximately $9,858,000. OLIO Financial Planning raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.0% in the third quarter. OLIO Financial Planning now owns 21,176 shares of the company’s stock worth $1,071,000 after purchasing an additional 1,005 shares during the last quarter. Professional Financial Management Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter worth approximately $2,944,000. Finally, Root Financial Partners LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 33.6% in the third quarter. Root Financial Partners LLC now owns 70,463 shares of the company’s stock worth $3,563,000 after purchasing an additional 17,713 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of NYSEARCA:JMST opened at $50.90 on Monday. The business’s 50 day moving average is $50.76 and its 200 day moving average is $50.86. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.46 and a 12-month high of $51.13.

JPMorgan Ultra-Short Municipal ETF Company 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.