Abbrea Capital LLC Reduces Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Abbrea Capital LLC trimmed its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,160 shares of the company’s stock after selling 2,000 shares during the period. Abbrea Capital LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Macroview Investment Management LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $30,000. LWM Advisory Services LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at $38,000. CVA Family Office LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $75,000. Tyler Stone Wealth Management raised its stake in JPMorgan Ultra-Short Municipal ETF by 33.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 3,200 shares of the company’s stock valued at $161,000 after purchasing an additional 800 shares during the last quarter. Finally, West Paces Advisors Inc. raised its stake in JPMorgan Ultra-Short Municipal ETF by 16.4% in the 4th quarter. West Paces Advisors Inc. now owns 3,510 shares of the company’s stock valued at $178,000 after purchasing an additional 495 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

BATS JMST traded up $0.01 during trading hours on Thursday, hitting $50.67. 269,248 shares of the company’s stock were exchanged. The stock has a 50-day simple moving average of $50.69 and a 200 day simple moving average of $50.66.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, April 1st.

JPMorgan Ultra-Short Municipal ETF 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.