Tortoise Investment Management LLC Purchases 78,720 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Tortoise Investment Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 389.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 98,950 shares of the company’s stock after purchasing an additional 78,720 shares during the quarter. Tortoise Investment Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of JMST. Essex Savings Bank boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.6% during the third quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock worth $322,000 after buying an additional 276 shares during the period. Atria Investments Inc boosted its position in JPMorgan Ultra-Short Municipal ETF by 4.6% during the third quarter. Atria Investments Inc now owns 34,326 shares of the company’s stock valued at $1,749,000 after purchasing an additional 1,520 shares during the last quarter. Sigma Planning Corp boosted its position in JPMorgan Ultra-Short Municipal ETF by 9.4% during the third quarter. Sigma Planning Corp now owns 12,200 shares of the company’s stock valued at $621,000 after purchasing an additional 1,048 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 54.1% during the third quarter. Axxcess Wealth Management LLC now owns 141,675 shares of the company’s stock valued at $7,217,000 after purchasing an additional 49,733 shares during the last quarter. Finally, Tyler Stone Wealth Management boosted its position in JPMorgan Ultra-Short Municipal ETF by 43.8% during the third quarter. Tyler Stone Wealth Management now owns 11,218 shares of the company’s stock valued at $571,000 after purchasing an additional 3,416 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of BATS JMST opened at $50.81 on Monday. The company’s 50 day moving average is $50.81 and its 200 day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a $0.1277 dividend. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, March 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.