Goelzer Investment Management Inc. Has $2.15 Million Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Goelzer Investment Management Inc. decreased its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 55.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,473 shares of the company’s stock after selling 52,782 shares during the period. Goelzer Investment Management Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after acquiring an additional 167,861 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan Ultra-Short Municipal ETF by 4.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock valued at $88,517,000 after purchasing an additional 67,868 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 28.8% in the third quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock worth $58,594,000 after purchasing an additional 257,415 shares during the period. Salomon & Ludwin LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% during the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock worth $51,939,000 after purchasing an additional 830,218 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after buying an additional 70,821 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.85 on Friday. The company has a 50 day moving average price of $50.79 and a two-hundred day moving average price of $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.