JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Acquired by Tortoise Investment Management LLC

Tortoise Investment Management LLC increased its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 21.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,500 shares of the company’s stock after purchasing an additional 2,705 shares during the quarter. Tortoise Investment Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JMST. International Assets Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $3,866,000. Brio Consultants LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth about $264,000. Benjamin F. Edwards & Company Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 23.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,141 shares of the company’s stock valued at $362,000 after acquiring an additional 1,368 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 6.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 11,504 shares of the company’s stock valued at $584,000 after acquiring an additional 700 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 17.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 31,718 shares of the company’s stock valued at $1,609,000 after acquiring an additional 4,612 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.94 on Tuesday. The firm has a 50-day simple moving average of $50.80 and a 200-day simple moving average of $50.72.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd will be paid a $0.1451 dividend. The ex-dividend date is Tuesday, September 3rd. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.