Slow Capital Inc. Has $7.18 Million Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Slow Capital Inc. lessened its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 74.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,171 shares of the company’s stock after selling 419,843 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for approximately 1.2% of Slow Capital Inc.’s investment portfolio, making the stock its 18th biggest position. Slow Capital Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $7,181,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Bessemer Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $81,000. Brown Advisory Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $2,004,000. Cetera Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 274.4% during the 4th quarter. Cetera Advisors LLC now owns 22,697 shares of the company’s stock valued at $1,147,000 after acquiring an additional 16,635 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2.8% during the 4th quarter. Cetera Investment Advisers now owns 24,983 shares of the company’s stock valued at $1,263,000 after acquiring an additional 670 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 51.4% during the 4th quarter. Cetera Advisor Networks LLC now owns 27,596 shares of the company’s stock valued at $1,395,000 after acquiring an additional 9,373 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of BATS JMST traded up $0.03 during mid-day trading on Wednesday, hitting $50.63. 323,088 shares of the stock traded hands. The firm’s fifty day simple moving average is $50.69 and its 200 day simple moving average is $50.64.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a dividend of $0.1399 per share. The ex-dividend date was Monday, April 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.