PDS Planning Inc Lowers Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

PDS Planning Inc reduced its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 104,056 shares of the company’s stock after selling 3,414 shares during the period. PDS Planning Inc’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,277,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 22.7% during the fourth quarter. GAMMA Investing LLC now owns 17,228 shares of the company’s stock worth $874,000 after buying an additional 3,192 shares during the period. JPMorgan Chase & Co. raised its stake in JPMorgan Ultra-Short Municipal ETF by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after buying an additional 70,821 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 14.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 41,649 shares of the company’s stock worth $2,112,000 after purchasing an additional 5,232 shares in the last quarter. Townsquare Capital LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 29.3% during the third quarter. Townsquare Capital LLC now owns 9,815 shares of the company’s stock worth $500,000 after purchasing an additional 2,227 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.0% during the fourth quarter. Truist Financial Corp now owns 80,823 shares of the company’s stock worth $4,099,000 after purchasing an additional 3,113 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.83 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.53 and a 52-week high of $50.97. The business’s 50-day moving average price is $50.81 and its 200 day moving average price is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a dividend of $0.1277 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.