Private Advisor Group LLC Raises Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Private Advisor Group LLC raised its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,132 shares of the company’s stock after purchasing an additional 18,792 shares during the quarter. Private Advisor Group LLC owned about 0.33% of JPMorgan Ultra-Short Municipal ETF worth $13,634,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JMST. Atlantic Union Bankshares Corp purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $42,000. Rice Partnership LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter worth approximately $43,000. Financial Network Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after acquiring an additional 1,013 shares during the period. US Bancorp DE increased its stake in JPMorgan Ultra-Short Municipal ETF by 130.6% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after acquiring an additional 653 shares during the last quarter. Finally, GGM Financials LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the third quarter worth $100,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $51.02 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.42 and a 52 week high of $51.13. The stock’s fifty day moving average is $51.05 and its two-hundred day moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.1157 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

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.