NorthRock Partners LLC Increases Stake in JPMorgan Ultra-Short Municipal ETF $JMST

NorthRock Partners LLC raised its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 14.6% in the third quarter, HoldingsChannel reports. The fund owned 1,036,537 shares of the company’s stock after purchasing an additional 132,251 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for approximately 1.0% of NorthRock Partners LLC’s investment portfolio, making the stock its 19th largest holding. NorthRock Partners LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $52,905,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake 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 lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 8.5% in the 2nd quarter. Bank of America Corp DE now owns 3,326,397 shares of the company’s stock valued at $169,380,000 after purchasing an additional 259,552 shares during the period. HB Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 173.7% during the third quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock worth $88,458,000 after buying an additional 1,099,860 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 10.0% during the third quarter. Resonant Capital Advisors LLC now owns 1,420,403 shares of the company’s stock worth $72,497,000 after buying an additional 128,706 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in JPMorgan Ultra-Short Municipal ETF by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 1,200,503 shares of the company’s stock valued at $61,274,000 after buying an additional 188,546 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $51.02 on Friday. The company has a fifty day moving average of $51.06 and a two-hundred day moving average of $51.00. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1157 per share. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

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.