Rockport Wealth LLC Takes $351,000 Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Rockport Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,913 shares of the company’s stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. LPL Financial LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock worth $98,095,000 after purchasing an additional 167,861 shares in the last quarter. Resonant Capital Advisors LLC increased its position 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 purchasing an additional 21,351 shares in the last quarter. Salomon & Ludwin LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 0.8% during the 4th quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock worth $52,106,000 after purchasing an additional 7,925 shares in the last quarter. JPMorgan Chase & Co. increased its position in JPMorgan Ultra-Short Municipal ETF by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after purchasing an additional 70,821 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $43,522,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.82 on Monday. The firm has a 50 day moving average price of $50.81 and a 200 day moving average price of $50.82. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.53 and a 1 year high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.