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

BCGM Wealth Management LLC decreased its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 33.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,908 shares of the company’s stock after selling 50,961 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up approximately 1.7% of BCGM Wealth Management LLC’s holdings, making the stock its 13th largest holding. BCGM Wealth Management LLC owned approximately 0.20% of JPMorgan Ultra-Short Municipal ETF worth $5,140,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JMST. BNP Paribas Financial Markets lifted its position in JPMorgan Ultra-Short Municipal ETF by 362,975.0% in the 1st quarter. BNP Paribas Financial Markets now owns 14,523 shares of the company’s stock worth $737,000 after buying an additional 14,519 shares during the last quarter. Bessemer Group Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 1st quarter worth $209,000. CreativeOne Wealth LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the first quarter worth $376,000. Axxcess Wealth Management LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 57.0% during the first quarter. Axxcess Wealth Management LLC now owns 87,190 shares of the company’s stock valued at $4,424,000 after buying an additional 31,650 shares during the period. Finally, BOKF NA bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the first quarter valued at about $535,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.82 on Friday. The firm has a fifty day moving average of $50.82 and a 200-day moving average of $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.