Robinson Smith Wealth Advisors LLC Has $2.53 Million Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Robinson Smith Wealth Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,850 shares of the company’s stock after purchasing an additional 4,381 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up approximately 2.1% of Robinson Smith Wealth Advisors LLC’s portfolio, making the stock its 12th largest position. Robinson Smith Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,528,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. John W. Brooker & Co. CPAs raised its position in JPMorgan Ultra-Short Municipal ETF by 1.0% during the fourth quarter. John W. Brooker & Co. CPAs now owns 27,303 shares of the company’s stock valued at $1,385,000 after acquiring an additional 267 shares in the last quarter. IFP Advisors Inc raised its position in JPMorgan Ultra-Short Municipal ETF by 0.7% during the fourth quarter. IFP Advisors Inc now owns 43,456 shares of the company’s stock valued at $2,204,000 after acquiring an additional 282 shares in the last quarter. Meridian Financial LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 6.9% during the fourth quarter. Meridian Financial LLC now owns 5,022 shares of the company’s stock valued at $255,000 after acquiring an additional 322 shares in the last quarter. Gradient Capital Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 4.3% during the fourth quarter. Gradient Capital Advisors LLC now owns 8,127 shares of the company’s stock valued at $412,000 after acquiring an additional 333 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 5.0% during the third quarter. Apollon Wealth Management LLC now owns 7,244 shares of the company’s stock valued at $369,000 after acquiring an additional 348 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS:JMST opened at $50.82 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.53 and a 12 month high of $50.97. 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 company also recently declared 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 positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date of this dividend 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.