JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Stake Lowered by MJP Associates Inc. ADV

MJP Associates Inc. ADV trimmed its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 355,550 shares of the company’s stock after selling 24,088 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises 3.2% of MJP Associates Inc. ADV’s investment portfolio, making the stock its 9th biggest holding. MJP Associates Inc. ADV’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $18,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of JMST. John W. Brooker & Co. CPAs grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% in the fourth quarter. John W. Brooker & Co. CPAs now owns 27,303 shares of the company’s stock valued at $1,385,000 after purchasing an additional 267 shares during the period. IFP Advisors Inc increased its holdings in JPMorgan Ultra-Short Municipal ETF by 0.7% in the fourth quarter. IFP Advisors Inc now owns 43,456 shares of the company’s stock valued at $2,204,000 after buying an additional 282 shares during the last quarter. Meridian Financial LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 6.9% during the fourth quarter. Meridian Financial LLC now owns 5,022 shares of the company’s stock valued at $255,000 after purchasing an additional 322 shares during the last quarter. Gradient Capital Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.3% during the fourth quarter. Gradient Capital Advisors LLC now owns 8,127 shares of the company’s stock worth $412,000 after buying an additional 333 shares during the period. Finally, Encompass Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 0.9% in the fourth quarter. Encompass Wealth Advisors LLC now owns 54,659 shares of the company’s stock worth $2,772,000 after purchasing an additional 482 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST opened at $50.74 on Monday. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.42 and a 12-month high of $50.98. The stock has a fifty day moving average of $50.72 and a 200-day moving average of $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1277 per share. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date was Monday, March 3rd.

JPMorgan Ultra-Short Municipal ETF Company 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.