Synovus Financial Corp Sells 60,414 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Synovus Financial Corp cut its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 53.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,192 shares of the company’s stock after selling 60,414 shares during the quarter. Synovus Financial Corp owned 0.10% of JPMorgan Ultra-Short Municipal ETF worth $2,647,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JMST. LPL Financial LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 20.9% in the fourth quarter. LPL Financial LLC now owns 2,328,339 shares of the company’s stock worth $118,070,000 after purchasing an additional 402,646 shares during the period. FMR LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 2.3% in the 4th quarter. FMR LLC now owns 1,837,552 shares of the company’s stock valued at $93,182,000 after buying an additional 41,774 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 1.9% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock worth $59,512,000 after buying an additional 21,351 shares during the period. Salomon & Ludwin LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 0.8% in the fourth quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock valued at $52,106,000 after acquiring an additional 7,925 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.6% in the fourth quarter. JPMorgan Chase & Co. now owns 912,989 shares of the company’s stock worth $46,298,000 after acquiring an additional 48,049 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.4 %

BATS JMST opened at $50.58 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year high of $50.98. The stock’s 50-day moving average is $50.78 and its 200-day moving average is $50.79.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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