Pennsylvania Capital Management Inc. ADV Buys 19,925 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Pennsylvania Capital Management Inc. ADV lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 153.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,913 shares of the company’s stock after buying an additional 19,925 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 0.6% of Pennsylvania Capital Management Inc. ADV’s portfolio, making the stock its 27th largest holding. Pennsylvania Capital Management Inc. ADV owned approximately 0.06% of JPMorgan Ultra-Short Municipal ETF worth $1,669,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of JMST. LPL Financial LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock worth $98,095,000 after acquiring an additional 167,861 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock worth $59,512,000 after acquiring an additional 21,351 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 438.4% during the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock worth $51,939,000 after purchasing an additional 830,218 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in JPMorgan Ultra-Short Municipal ETF by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after buying an additional 70,821 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 676.0% during the third quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after acquiring an additional 517,187 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST opened at $50.79 on Tuesday. The firm has a fifty day moving average of $50.80 and a 200 day moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.1208 per share. The ex-dividend date of this dividend is Monday, February 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.