Modern Wealth Management LLC Decreases Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Modern Wealth Management LLC decreased its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,704 shares of the company’s stock after selling 496 shares during the quarter. Modern Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,542,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Kingsview Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 74.8% in the third quarter. Kingsview Wealth Management LLC now owns 16,207 shares of the company’s stock valued at $826,000 after purchasing an additional 6,937 shares during the last quarter. Shum Financial Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth $938,000. Townsquare Capital LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 29.3% in the 3rd quarter. Townsquare Capital LLC now owns 9,815 shares of the company’s stock worth $500,000 after acquiring an additional 2,227 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 18.6% during the 3rd quarter. Freedom Investment Management Inc. now owns 41,120 shares of the company’s stock worth $2,095,000 after acquiring an additional 6,453 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 117.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 13,352 shares of the company’s stock valued at $680,000 after acquiring an additional 7,204 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.85 on Wednesday. The company has a 50-day moving average price of $50.83 and a 200 day moving average price of $50.81. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.53 and a 12-month high of $50.98.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given 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.