Private Advisor Group LLC Boosts Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Private Advisor Group LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 7.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 267,132 shares of the company’s stock after acquiring an additional 18,792 shares during the period. Private Advisor Group LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $13,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Dakota Wealth Management grew its position in JPMorgan Ultra-Short Municipal ETF by 1.5% in the 3rd quarter. Dakota Wealth Management now owns 13,815 shares of the company’s stock valued at $705,000 after acquiring an additional 200 shares in the last quarter. Intergy Private Wealth LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.6% during the third quarter. Intergy Private Wealth LLC now owns 16,223 shares of the company’s stock worth $828,000 after purchasing an additional 260 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 7,335 shares of the company’s stock worth $374,000 after purchasing an additional 264 shares in the last quarter. IFG Advisory LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.0% in the third quarter. IFG Advisory LLC now owns 9,152 shares of the company’s stock valued at $467,000 after purchasing an additional 267 shares during the period. Finally, McCarthy & Cox boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.1% in the third quarter. McCarthy & Cox now owns 9,320 shares of the company’s stock valued at $476,000 after purchasing an additional 276 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $51.02 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week high of $51.13. The company has a 50 day moving average price of $51.05 and a 200 day moving average price of $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1157 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.7%. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

JPMorgan Ultra-Short Municipal ETF Company 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.