Sequoia Financial Advisors LLC Decreases Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Sequoia Financial Advisors LLC cut its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 5.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,848 shares of the company’s stock after selling 8,258 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.26% of JPMorgan Ultra-Short Municipal ETF worth $6,894,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JMST. Macroview Investment Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $30,000. GAMMA Investing LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the first quarter valued at $50,000. Cooksen Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $51,000. West Paces Advisors Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 16.4% during the fourth quarter. West Paces Advisors Inc. now owns 3,510 shares of the company’s stock worth $178,000 after purchasing an additional 495 shares in the last quarter. Finally, Aletheian Wealth Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 1st quarter valued at about $204,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock remained flat at $50.81 during midday trading on Tuesday. 509,649 shares of the company’s stock traded hands. The business’s 50 day moving average is $50.74 and its 200-day moving average is $50.70.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were issued a dividend of $0.1405 per share. The ex-dividend date was Monday, July 1st.

JPMorgan Ultra-Short Municipal ETF 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.