Diversified Portfolios Inc. Has $6.91 Million Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Diversified Portfolios Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 105.9% during the fourth quarter, HoldingsChannel reports. The firm owned 136,348 shares of the company’s stock after buying an additional 70,142 shares during the quarter. Diversified Portfolios Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $6,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in JMST. River Street Advisors LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $60,000. MidAtlantic Capital Management Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth $80,000. Key Financial Inc increased its holdings in JPMorgan Ultra-Short Municipal ETF by 65.6% in the 3rd quarter. Key Financial Inc now owns 2,116 shares of the company’s stock worth $108,000 after purchasing an additional 838 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $217,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of JMST stock opened at $50.82 on Wednesday. The company’s 50 day moving average price is $50.79 and its 200-day moving average price is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a dividend of $0.1208 per share. The ex-dividend date of this dividend was Monday, February 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.