Philip James Wealth Mangement LLC Buys 20,056 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Philip James Wealth Mangement LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 282.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,160 shares of the company’s stock after acquiring an additional 20,056 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,384,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in JMST. Chris Bulman Inc bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $35,000. Financial Perspectives Inc bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $40,000. Larson Financial Group LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $50,000. International Assets Investment Management LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $82,000. Finally, Key Financial Inc boosted its stake in JPMorgan Ultra-Short Municipal ETF by 65.6% during the 3rd quarter. Key Financial Inc now owns 2,116 shares of the company’s stock valued at $108,000 after purchasing an additional 838 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

BATS:JMST traded up $0.06 during mid-day trading on Friday, hitting $50.69. 414,529 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $50.83 and its 200 day moving average price is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently announced 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 an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Tuesday, September 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.