Kovitz Investment Group Partners LLC Invests $240,000 in JPMorgan Ultra-Short Municipal ETF $JMST

Kovitz Investment Group Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 1st quarter, Holdings Channel reports. The institutional investor bought 4,716 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 93.4% during the first quarter. Allworth Financial LP now owns 617 shares of the company’s stock worth $31,000 after acquiring an additional 298 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth approximately $34,000. Rossby Financial LCC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth approximately $43,000. Cooksen Wealth LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at approximately $51,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the first quarter worth $76,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.5%

BATS:JMST opened at $51.0050 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.4201 and a 12 month high of $50.98. The firm has a fifty day simple moving average of $50.81 and a 200-day simple moving average of $50.78.

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.