IAM Advisory LLC Raises Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

IAM Advisory LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 12.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,776 shares of the company’s stock after purchasing an additional 1,069 shares during the quarter. IAM Advisory LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $496,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of JMST. Principle Wealth Partners LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 3,612.4% during the 4th quarter. Principle Wealth Partners LLC now owns 364,597 shares of the company’s stock worth $18,500,000 after acquiring an additional 354,776 shares in the last quarter. CWM LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 75.7% during the 4th quarter. CWM LLC now owns 667,926 shares of the company’s stock worth $33,891,000 after acquiring an additional 287,684 shares in the last quarter. Fiduciary Trust Co lifted its position in JPMorgan Ultra-Short Municipal ETF by 18.9% during the 4th quarter. Fiduciary Trust Co now owns 1,456,283 shares of the company’s stock worth $73,892,000 after acquiring an additional 231,636 shares in the last quarter. Cerity Partners LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 39.8% during the 4th quarter. Cerity Partners LLC now owns 664,597 shares of the company’s stock worth $33,766,000 after acquiring an additional 189,351 shares in the last quarter. Finally, Bridgewater Advisors Inc. lifted its position in JPMorgan Ultra-Short Municipal ETF by 40.4% during the 4th quarter. Bridgewater Advisors Inc. now owns 635,844 shares of the company’s stock worth $32,263,000 after acquiring an additional 183,110 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock traded up $0.06 during midday trading on Friday, hitting $50.82. 242,379 shares of the company were exchanged. The stock has a fifty day simple moving average of $50.73 and a two-hundred day simple moving average of $50.70.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were given a $0.1405 dividend. The ex-dividend date was 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.