Intelligence Driven Advisers LLC Invests $622,000 in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Intelligence Driven Advisers LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the third quarter, HoldingsChannel reports. The firm purchased 12,208 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds have also added to or reduced their stakes in JMST. IMS Capital Management raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.9% in the first quarter. IMS Capital Management now owns 5,350 shares of the company’s stock valued at $271,000 after purchasing an additional 200 shares during the period. Guardian Asset Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 5.2% in the 2nd quarter. Guardian Asset Advisors LLC now owns 4,452 shares of the company’s stock valued at $226,000 after buying an additional 221 shares during the last quarter. Harbour Investments Inc. raised its holdings in JPMorgan Ultra-Short Municipal ETF by 2.2% in the 2nd quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after acquiring an additional 238 shares during the period. HTLF Bank boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% during the second quarter. HTLF Bank now owns 7,909 shares of the company’s stock worth $401,000 after acquiring an additional 243 shares during the period. Finally, Essex Savings Bank grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.6% in the third quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock valued at $322,000 after purchasing an additional 276 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

BATS:JMST traded up $0.01 during mid-day trading on Thursday, hitting $50.76. 262,098 shares of the stock were exchanged. The stock’s fifty day moving average price is $50.82 and its 200-day moving average price is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were given a $0.1451 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.