SFG Wealth Management LLC. Cuts Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

SFG Wealth Management LLC. trimmed its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 50.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,422 shares of the company’s stock after selling 9,687 shares during the period. SFG Wealth Management LLC.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $478,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. River Street Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth $60,000. MidAtlantic Capital Management Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $80,000. Key Financial Inc grew its stake in JPMorgan Ultra-Short Municipal ETF by 65.6% during the 3rd quarter. Key Financial Inc now owns 2,116 shares of the company’s stock valued at $108,000 after purchasing an additional 838 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $112,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.81 on Monday. The business has a 50-day moving average price of $50.79 and a 200-day moving average price of $50.81.

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.