Bridgewater Advisors Inc. Acquires 53,601 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Bridgewater Advisors Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 500,517 shares of the company’s stock after purchasing an additional 53,601 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up about 2.7% of Bridgewater Advisors Inc.’s portfolio, making the stock its 12th biggest position. Bridgewater Advisors Inc. owned about 0.97% of JPMorgan Ultra-Short Municipal ETF worth $25,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chris Bulman Inc purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth $35,000. Financial Perspectives Inc purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the second quarter valued at $40,000. Larson Financial Group LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $50,000. International Assets Investment Management LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $82,000. Finally, Key Financial Inc increased its holdings in JPMorgan Ultra-Short Municipal ETF by 65.6% in the third quarter. Key Financial Inc now owns 2,116 shares of the company’s stock valued at $108,000 after buying an additional 838 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS:JMST opened at $50.64 on Thursday. The company’s 50-day simple moving average is $50.84 and its 200 day simple moving average is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a $0.1451 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.