Harbour Investment Management LLC Cuts Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Harbour Investment Management LLC lessened its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 23.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,920 shares of the company’s stock after selling 7,550 shares during the quarter. Harbour Investment Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,268,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its holdings 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 valued at $98,095,000 after buying an additional 167,861 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in 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 valued at $59,512,000 after buying an additional 21,351 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 0.8% during the 4th quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock valued at $52,106,000 after buying an additional 7,925 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after purchasing an additional 70,821 shares during the period. Finally, Bailard Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth approximately $43,522,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.82 on Friday. The stock has a 50 day moving average price of $50.81 and a 200-day moving average price of $50.82. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.53 and a one year high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.