Prosperity Wealth Management Inc. Has $247,000 Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Prosperity Wealth Management Inc. lowered its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 36.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,860 shares of the company’s stock after selling 2,743 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $247,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Macroview Investment Management LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $30,000. LWM Advisory Services LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $38,000. Advisory Services Network LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 41.4% during the 1st quarter. Advisory Services Network LLC now owns 854 shares of the company’s stock worth $43,000 after acquiring an additional 250 shares during the last quarter. CVA Family Office LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $75,000. Finally, Bessemer Group Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $81,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.65 on Thursday. The company has a 50-day simple moving average of $50.69 and a 200-day simple moving average of $50.64.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were paid a $0.1399 dividend. 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.