Pennsylvania Capital Management Inc. ADV Purchases 19,925 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Pennsylvania Capital Management Inc. ADV increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 153.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,913 shares of the company’s stock after acquiring an additional 19,925 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 0.6% of Pennsylvania Capital Management Inc. ADV’s holdings, making the stock its 27th largest position. Pennsylvania Capital Management Inc. ADV’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% in the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock worth $51,939,000 after acquiring an additional 830,218 shares during the period. FSM Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 676.0% during the third quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after purchasing an additional 517,187 shares during the period. HB Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 395.8% in the fourth quarter. HB Wealth Management LLC now owns 580,541 shares of the company’s stock worth $29,439,000 after purchasing an additional 463,452 shares in the last quarter. Annex Advisory Services LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $21,711,000. Finally, CWA Asset Management Group LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth approximately $19,911,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS:JMST opened at $50.79 on Tuesday. The company has a fifty day moving average of $50.80 and a two-hundred day moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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