NavPoint Financial Inc. Purchases 11,409 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

NavPoint Financial Inc. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 54.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,228 shares of the company’s stock after purchasing an additional 11,409 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises 1.3% of NavPoint Financial Inc.’s investment portfolio, making the stock its 20th largest holding. NavPoint Financial Inc. owned approximately 0.06% of JPMorgan Ultra-Short Municipal ETF worth $1,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at about $2,031,000. Centaurus Financial Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $112,000. Park Avenue Securities LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth approximately $891,000. GAMMA Investing LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 14,036 shares of the company’s stock valued at $715,000 after purchasing an additional 1,155 shares during the last quarter. Finally, WealthBridge Capital Management LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 71.6% during the third quarter. WealthBridge Capital Management LLC now owns 16,816 shares of the company’s stock valued at $857,000 after acquiring an additional 7,015 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS:JMST opened at $50.89 on Monday. The company has a 50-day simple moving average of $50.80 and a 200-day simple moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd will be paid a $0.1208 dividend. The ex-dividend date is Monday, February 3rd.

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.