JPMorgan Ultra-Short Municipal ETF $JMST is Elequin Capital LP’s 8th Largest Position

Elequin Capital LP grew its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 180.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 247,201 shares of the company’s stock after acquiring an additional 159,197 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises approximately 0.7% of Elequin Capital LP’s investment portfolio, making the stock its 8th biggest position. Elequin Capital LP’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $12,617,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JMST. Rice Partnership LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $43,000. Financial Network Wealth Advisors LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after purchasing an additional 1,013 shares during the last quarter. US Bancorp DE raised 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 purchasing an additional 653 shares during the period. GGM Financials LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $100,000. Finally, West Paces Advisors Inc. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 148.8% in the 3rd quarter. West Paces Advisors Inc. now owns 2,650 shares of the company’s stock valued at $135,000 after purchasing an additional 1,585 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $51.02 on Friday. The firm has a 50 day simple moving average of $51.06 and a 200-day simple moving average of $51.00. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year high of $51.13.

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 issued a $0.1157 dividend. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, March 2nd.

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.