Narus Financial Partners LLC Trims Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Narus Financial Partners LLC decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 81.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,877 shares of the company’s stock after selling 43,812 shares during the quarter. Narus Financial Partners LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $96,000. IFP Advisors Inc lifted its position in JPMorgan Ultra-Short Municipal ETF by 2.0% during the 3rd quarter. IFP Advisors Inc now owns 56,909 shares of the company’s stock valued at $2,905,000 after acquiring an additional 1,103 shares during the period. JPMorgan Chase & Co. boosted its stake in JPMorgan Ultra-Short Municipal ETF by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 1,200,503 shares of the company’s stock worth $61,274,000 after acquiring an additional 188,546 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in JPMorgan Ultra-Short Municipal ETF by 413.0% during the third quarter. Sunbelt Securities Inc. now owns 46,903 shares of the company’s stock worth $2,394,000 after acquiring an additional 37,760 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in JPMorgan Ultra-Short Municipal ETF by 7.8% in the third quarter. Captrust Financial Advisors now owns 357,165 shares of the company’s stock worth $18,230,000 after purchasing an additional 25,981 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $51.02 on Thursday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13. The stock’s 50 day moving average is $51.06 and its 200 day moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.