JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Acquired by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 53.1% during the second quarter, HoldingsChannel.com reports. The firm owned 11,825 shares of the company’s stock after purchasing an additional 4,100 shares during the period. Main Street Financial Solutions LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in JMST. Brio Consultants LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $264,000. Envestnet Portfolio Solutions Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $223,000. Tortoise Investment Management LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $431,000. Laurel Wealth Planning LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 19.7% in the 4th quarter. Laurel Wealth Planning LLC now owns 24,894 shares of the company’s stock valued at $1,263,000 after purchasing an additional 4,097 shares in the last quarter. Finally, UBS Group AG lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 14.0% in the 4th quarter. UBS Group AG now owns 778,850 shares of the company’s stock valued at $39,519,000 after purchasing an additional 95,378 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.86 on Friday. The company has a 50-day moving average price of $50.83 and a 200-day moving average price of $50.73.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were issued a $0.1451 dividend. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Tuesday, September 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.