Ballentine Partners LLC Takes $370,000 Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Ballentine Partners LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, HoldingsChannel reports. The fund purchased 7,296 shares of the company’s stock, valued at approximately $370,000.

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

JPMorgan Ultra-Short Municipal ETF Stock Up 0.2 %

Shares of BATS JMST opened at $50.85 on Friday. The firm has a fifty day moving average price of $50.79 and a 200 day moving average price of $50.81.

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.