Graves Light Lenhart Wealth Inc. Has $5.03 Million Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Graves Light Lenhart Wealth Inc. grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 22.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,716 shares of the company’s stock after purchasing an additional 18,399 shares during the quarter. Graves Light Lenhart Wealth Inc. owned about 0.12% of JPMorgan Ultra-Short Municipal ETF worth $5,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 48.3% during the first quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock worth $713,000 after buying an additional 4,561 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 17.6% in the second quarter. JPMorgan Chase & Co. now owns 1,011,957 shares of the company’s stock worth $51,529,000 after buying an additional 151,379 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 16.7% during the 2nd quarter. Franklin Resources Inc. now owns 216,874 shares of the company’s stock worth $11,043,000 after acquiring an additional 31,098 shares in the last quarter. Cozad Asset Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 10.3% during the 2nd quarter. Cozad Asset Management Inc. now owns 21,107 shares of the company’s stock worth $1,075,000 after acquiring an additional 1,975 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at about $2,988,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST stock opened at $50.98 on Monday. The stock’s 50 day simple moving average is $51.06 and its 200 day simple moving average is $51.00. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1157 per share. 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. The ex-dividend date was Monday, March 2nd.

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.