Cwm LLC Sells 308,719 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Cwm LLC cut its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 44.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 389,381 shares of the company’s stock after selling 308,719 shares during the quarter. Cwm LLC owned 0.75% of JPMorgan Ultra-Short Municipal ETF worth $19,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 10.9% in the second quarter. LPL Financial LLC now owns 1,757,832 shares of the company’s stock valued at $89,201,000 after purchasing an additional 172,347 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in JPMorgan Ultra-Short Municipal ETF by 4.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock valued at $88,517,000 after buying an additional 67,868 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 22.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 892,834 shares of the company’s stock worth $45,307,000 after buying an additional 163,699 shares during the period. Bank of New York Mellon Corp grew its holdings in JPMorgan Ultra-Short Municipal ETF by 24.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 570,504 shares of the company’s stock worth $28,950,000 after acquiring an additional 110,883 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in JPMorgan Ultra-Short Municipal ETF by 325.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 395,478 shares of the company’s stock valued at $20,069,000 after acquiring an additional 302,492 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0 %

JMST stock opened at $50.82 on Friday. The company’s 50-day simple moving average is $50.86 and its two-hundred day simple moving average is $50.75.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1451 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

JPMorgan Ultra-Short Municipal ETF 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.