Parsons Capital Management Inc. RI Increases Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Parsons Capital Management Inc. RI increased its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 135.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,435 shares of the company’s stock after buying an additional 34,724 shares during the period. Parsons Capital Management Inc. RI owned 0.08% of JPMorgan Ultra-Short Municipal ETF worth $3,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JMST. Rice Partnership LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at approximately $43,000. Financial Network Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after purchasing an additional 1,013 shares during the period. US Bancorp DE grew its stake in JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after purchasing an additional 653 shares during the period. Park Place Capital Corp raised its holdings in JPMorgan Ultra-Short Municipal ETF by 118.3% in the fourth quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock worth $90,000 after purchasing an additional 952 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $96,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.96 on Friday. The company’s fifty day moving average price is $51.05 and its 200-day moving average price is $51.00. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.