HighTower Advisors LLC Acquires 23,168 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

HighTower Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 396,687 shares of the company’s stock after acquiring an additional 23,168 shares during the quarter. HighTower Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $20,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of JMST. River Street Advisors LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter worth $30,000. Assetmark Inc. lifted its position in JPMorgan Ultra-Short Municipal ETF by 591.3% in the fourth quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock worth $56,000 after purchasing an additional 946 shares during the period. Legacy Investment Solutions LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter worth $60,000. MidAtlantic Capital Management Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter worth $80,000. Finally, Blue Trust Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $82,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

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

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Investors 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.