JPMorgan Ultra-Short Municipal ETF (BATS:JMST) is Weatherly Asset Management L. P.’s 7th Largest Position

Weatherly Asset Management L. P. lessened its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 584,147 shares of the company’s stock after selling 6,202 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for approximately 2.6% of Weatherly Asset Management L. P.’s portfolio, making the stock its 7th biggest position. Weatherly Asset Management L. P. owned approximately 1.13% of JPMorgan Ultra-Short Municipal ETF worth $29,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. River Street Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $60,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $80,000. Key Financial Inc raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 65.6% during the 3rd quarter. Key Financial Inc now owns 2,116 shares of the company’s stock worth $108,000 after acquiring an additional 838 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $217,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of BATS JMST opened at $50.82 on Tuesday. The stock’s fifty day simple moving average is $50.79 and its 200-day simple moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1208 per share. The ex-dividend date of this dividend was 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.