Avantax Advisory Services Inc. Buys 19,735 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Avantax Advisory Services Inc. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 32.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,192 shares of the company’s stock after buying an additional 19,735 shares during the period. Avantax Advisory Services Inc. owned approximately 0.16% of JPMorgan Ultra-Short Municipal ETF worth $4,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 74,785 shares of the company’s stock worth $3,794,000 after purchasing an additional 2,074 shares during the period. Kwmg LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.5% during the fourth quarter. Kwmg LLC now owns 30,186 shares of the company’s stock valued at $1,532,000 after acquiring an additional 737 shares in the last quarter. First Citizens Financial Corp lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 17.7% in the 4th quarter. First Citizens Financial Corp now owns 21,154 shares of the company’s stock worth $1,073,000 after buying an additional 3,186 shares during the period. Chesley Taft & Associates LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.7% during the 4th quarter. Chesley Taft & Associates LLC now owns 41,825 shares of the company’s stock worth $2,122,000 after buying an additional 700 shares in the last quarter. Finally, Asio Capital LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $16,121,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JMST stock traded up $0.06 during trading on Tuesday, hitting $50.79. 413,704 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $50.68 and its two-hundred day moving average price is $50.69.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were paid a $0.1405 dividend. The ex-dividend date was Monday, July 1st.

About JPMorgan Ultra-Short Municipal ETF

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.