Bridgewater Advisors Inc. Trims Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Bridgewater Advisors Inc. lessened its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 490,652 shares of the company’s stock after selling 9,865 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up about 2.6% of Bridgewater Advisors Inc.’s investment portfolio, making the stock its 12th largest holding. Bridgewater Advisors Inc. owned about 0.95% of JPMorgan Ultra-Short Municipal ETF worth $24,905,000 at the end of the most recent reporting period.

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

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of BATS:JMST opened at $50.81 on Monday. The firm’s fifty day moving average is $50.79 and its two-hundred day moving average is $50.81.

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.