Modern Wealth Management LLC Cuts Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Modern Wealth Management LLC reduced its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,704 shares of the company’s stock after selling 496 shares during the quarter. Modern Wealth Management LLC owned 0.13% of JPMorgan Ultra-Short Municipal ETF worth $3,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Assetmark Inc. increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 591.3% in the 4th quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock valued at $56,000 after acquiring an additional 946 shares during the period. Legacy Investment Solutions LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at about $60,000. Blue Trust Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $82,000. Bank of Jackson Hole Trust purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $99,000. Finally, Millstone Evans Group LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth about $132,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.85 on Wednesday. The company’s 50-day simple moving average is $50.83 and its 200-day simple moving average is $50.81. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.53 and a fifty-two week high of $50.98.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.1277 dividend. This is an increase 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 Company 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.