CWA Asset Management Group LLC Sells 84,511 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

CWA Asset Management Group LLC lowered its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 16.1% during the fourth quarter, HoldingsChannel reports. The firm owned 440,879 shares of the company’s stock after selling 84,511 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises 0.8% of CWA Asset Management Group LLC’s holdings, making the stock its 23rd largest holding. CWA Asset Management Group LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $22,458,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. DecisionMap Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at approximately $205,000. Sagespring Wealth Partners LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $2,781,000. Private Client Services LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $345,000. Lpwm LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 4.7% during the 4th quarter. Lpwm LLC now owns 91,984 shares of the company’s stock worth $4,686,000 after buying an additional 4,138 shares during the period. Finally, Unique Wealth LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $535,000.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.1%

JPMorgan Ultra-Short Municipal ETF stock opened at $50.98 on Friday. The company has a 50 day moving average of $51.06 and a 200-day moving average of $51.00. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1157 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.7%. This is an increase 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.