Insight Advisors LLC PA Reduces Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Insight Advisors LLC PA decreased its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 12.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 109,367 shares of the company’s stock after selling 15,514 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises about 0.9% of Insight Advisors LLC PA’s portfolio, making the stock its 17th largest holding. Insight Advisors LLC PA’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JMST. River Street Advisors LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $60,000. MidAtlantic Capital Management Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $80,000. Key Financial Inc lifted its position in JPMorgan Ultra-Short Municipal ETF by 65.6% during 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 during the period. Finally, Continuum Advisory LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $217,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of BATS:JMST opened at $50.82 on Thursday. The firm’s fifty day moving average is $50.80 and its two-hundred day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1208 per share. The ex-dividend date of this dividend was Monday, February 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.