Requisite Capital Management LLC Has $2.82 Million Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Requisite Capital Management LLC reduced its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 55,495 shares of the company’s stock after selling 5,519 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises 0.6% of Requisite Capital Management LLC’s holdings, making the stock its 15th largest position. Requisite Capital Management LLC owned about 0.11% of JPMorgan Ultra-Short Municipal ETF worth $2,816,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Fiduciary Trust Co raised its holdings in JPMorgan Ultra-Short Municipal ETF by 18.9% in the 4th quarter. Fiduciary Trust Co now owns 1,456,283 shares of the company’s stock valued at $73,892,000 after acquiring an additional 231,636 shares during the period. Wells Fargo & Company MN increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 21.5% during the fourth quarter. Wells Fargo & Company MN now owns 963,543 shares of the company’s stock worth $48,890,000 after purchasing an additional 170,642 shares during the period. UBS Group AG increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 14.0% during the fourth quarter. UBS Group AG now owns 778,850 shares of the company’s stock worth $39,519,000 after purchasing an additional 95,378 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 3.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 678,912 shares of the company’s stock worth $34,542,000 after purchasing an additional 23,850 shares during the period. Finally, CWM LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 75.7% during the fourth quarter. CWM LLC now owns 667,926 shares of the company’s stock worth $33,891,000 after purchasing an additional 287,684 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

Shares of JMST traded up $0.01 during mid-day trading on Tuesday, hitting $50.62. 274,415 shares of the company’s stock were exchanged. The stock has a 50 day moving average of $50.67 and a 200-day moving average of $50.70.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st will be issued a dividend of $0.1405 per share. The ex-dividend date is Monday, July 1st.

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.