Weatherly Asset Management L. P. Has $29.09 Million Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Weatherly Asset Management L. P. trimmed its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 571,785 shares of the company’s stock after selling 14,019 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up 3.1% of Weatherly Asset Management L. P.’s holdings, making the stock its 5th biggest holding. Weatherly Asset Management L. P. owned about 1.13% of JPMorgan Ultra-Short Municipal ETF worth $29,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in JMST. RFG Advisory LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 35.2% in the fourth quarter. RFG Advisory LLC now owns 10,146 shares of the company’s stock worth $515,000 after purchasing an additional 2,639 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 1.7% in the fourth quarter. Chesley Taft & Associates LLC now owns 41,825 shares of the company’s stock worth $2,122,000 after purchasing an additional 700 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in JPMorgan Ultra-Short Municipal ETF by 1.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 108,715 shares of the company’s stock worth $5,485,000 after purchasing an additional 1,434 shares in the last quarter. Perennial Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 56.2% in the fourth quarter. Perennial Advisors LLC now owns 58,771 shares of the company’s stock valued at $2,982,000 after acquiring an additional 21,137 shares during the period. Finally, Morningstar Investment Services LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 10.7% in the third quarter. Morningstar Investment Services LLC now owns 57,393 shares of the company’s stock valued at $2,897,000 after acquiring an additional 5,556 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock traded up $0.01 during mid-day trading on Tuesday, reaching $50.67. The stock had a trading volume of 305,647 shares. The company has a fifty day simple moving average of $50.69 and a 200-day simple moving average of $50.65.

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 of this dividend was Monday, April 1st.

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.