JPMorgan Ultra-Short Municipal ETF $JMST Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. lessened its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 55.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,150 shares of the company’s stock after selling 84,292 shares during the quarter. Legacy Private Trust Co. owned 0.08% of JPMorgan Ultra-Short Municipal ETF worth $3,421,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JMST. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 173.7% in the 3rd quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock worth $88,458,000 after acquiring an additional 1,099,860 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 14.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,612,505 shares of the company’s stock worth $183,949,000 after purchasing an additional 464,869 shares during the period. Bank of America Corp DE increased its holdings in JPMorgan Ultra-Short Municipal ETF by 13.8% in the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after purchasing an additional 460,157 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 36.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,471 shares of the company’s stock valued at $54,514,000 after purchasing an additional 287,650 shares during the last quarter. Finally, AlphaCore Capital LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 126.2% in the second quarter. AlphaCore Capital LLC now owns 498,744 shares of the company’s stock valued at $25,396,000 after purchasing an additional 278,288 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.98 on Friday. The stock’s fifty day moving average is $51.06 and its two-hundred day moving average is $51.00. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.42 and a 52 week high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company 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. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.7%. This is a boost 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.