MML Investors Services LLC Cuts Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

MML Investors Services LLC cut its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 21.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,051 shares of the company’s stock after selling 20,232 shares during the period. MML Investors Services LLC owned 0.14% of JPMorgan Ultra-Short Municipal ETF worth $3,772,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% during the 2nd quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock worth $556,000 after acquiring an additional 238 shares in the last quarter. HTLF Bank boosted its position in JPMorgan Ultra-Short Municipal ETF by 3.2% during the second quarter. HTLF Bank now owns 7,909 shares of the company’s stock worth $401,000 after purchasing an additional 243 shares in the last quarter. Essex Savings Bank boosted its position in JPMorgan Ultra-Short Municipal ETF by 4.6% during the third quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock worth $322,000 after purchasing an additional 276 shares in the last quarter. Red Mountain Financial LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.4% in the third quarter. Red Mountain Financial LLC now owns 20,831 shares of the company’s stock valued at $1,061,000 after buying an additional 285 shares in the last quarter. Finally, WealthCare Investment Partners LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.1% during the 3rd quarter. WealthCare Investment Partners LLC now owns 15,486 shares of the company’s stock worth $787,000 after buying an additional 317 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS:JMST opened at $50.79 on Friday. The company’s 50-day simple moving average is $50.80 and its 200 day simple moving average is $50.79.

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.