First Foundation Advisors Sells 4,294 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

First Foundation Advisors cut its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,858 shares of the company’s stock after selling 4,294 shares during the quarter. First Foundation Advisors owned approximately 0.08% of JPMorgan Ultra-Short Municipal ETF worth $2,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Chris Bulman Inc purchased a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter worth $35,000. GAMMA Investing LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the first quarter worth about $50,000. Larson Financial Group LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $50,000. Cooksen Wealth LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $51,000. Finally, International Assets Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the second quarter valued at $82,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.87 on Monday. The stock’s fifty day moving average is $50.81 and its 200-day moving average is $50.73.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1451 per share. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Tuesday, September 3rd.

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.