Mills Wealth Advisors LLC Sells 134,183 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Mills Wealth Advisors LLC lessened its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 30.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 300,552 shares of the company’s stock after selling 134,183 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 10.9% of Mills Wealth Advisors LLC’s portfolio, making the stock its 2nd largest holding. Mills Wealth Advisors LLC owned approximately 0.58% of JPMorgan Ultra-Short Municipal ETF worth $15,251,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of JMST. Brio Consultants LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $264,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $223,000. Laurel Wealth Planning LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 19.7% in the fourth quarter. Laurel Wealth Planning LLC now owns 24,894 shares of the company’s stock valued at $1,263,000 after acquiring an additional 4,097 shares during the period. UBS Group AG boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 14.0% in the fourth quarter. UBS Group AG now owns 778,850 shares of the company’s stock valued at $39,519,000 after acquiring an additional 95,378 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 21.5% during the 4th quarter. Wells Fargo & Company MN now owns 963,543 shares of the company’s stock worth $48,890,000 after purchasing an additional 170,642 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.86 on Friday. The business’s 50 day moving average is $50.83 and its two-hundred day moving average is $50.73.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.