Global Strategic Investment Solutions LLC Cuts Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Global Strategic Investment Solutions LLC reduced its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 26.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,575 shares of the company’s stock after selling 137,702 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises approximately 2.2% of Global Strategic Investment Solutions LLC’s holdings, making the stock its 11th largest position. Global Strategic Investment Solutions LLC owned about 0.73% of JPMorgan Ultra-Short Municipal ETF worth $19,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JMST. River Street Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at $60,000. MidAtlantic Capital Management Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at $80,000. Blue Trust Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at $82,000. Finally, Bank of Jackson Hole Trust bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $99,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of JMST opened at $50.79 on Tuesday. The stock has a 50-day moving average of $50.81 and a two-hundred day moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be given a $0.1277 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.