Advisory Services Network LLC Takes $366,000 Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Advisory Services Network LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,215 shares of the company’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JMST. LPL Financial LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 20.9% during the fourth quarter. LPL Financial LLC now owns 2,328,339 shares of the company’s stock valued at $118,070,000 after buying an additional 402,646 shares during the period. FMR LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.3% in the 4th quarter. FMR LLC now owns 1,837,552 shares of the company’s stock worth $93,182,000 after acquiring an additional 41,774 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 1.9% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock valued at $59,512,000 after acquiring an additional 21,351 shares during the period. Salomon & Ludwin LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 0.8% in the fourth quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock worth $52,106,000 after purchasing an additional 7,925 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Municipal ETF by 5.6% in the fourth quarter. JPMorgan Chase & Co. now owns 912,989 shares of the company’s stock worth $46,298,000 after purchasing an additional 48,049 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.3 %

JMST stock opened at $50.63 on Friday. The firm has a 50 day moving average price of $50.77 and a 200-day moving average price of $50.79. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high of $50.98.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1277 dividend. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, March 3rd.

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.