426,198 Shares in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 426,198 shares of the company’s stock, valued at approximately $21,711,000.

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

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.81 on Friday. The company’s 50-day simple moving average is $50.86 and its 200 day simple moving average is $50.75.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.