126,903 Shares in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Purchased by Independent Advisor Alliance

Independent Advisor Alliance purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 126,903 shares of the company’s stock, valued at approximately $6,435,000.

Other institutional investors also recently added to or reduced their stakes in the company. River Street Advisors LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $30,000. Assetmark Inc. increased its stake in JPMorgan Ultra-Short Municipal ETF by 591.3% in the 4th quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock worth $56,000 after buying an additional 946 shares during the period. Legacy Investment Solutions LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $60,000. MidAtlantic Capital Management Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $80,000. Finally, Blue Trust Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth about $82,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JMST stock opened at $50.80 on Tuesday. The firm’s 50-day moving average is $50.81 and its 200 day moving average is $50.82. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.53 and a 12 month high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1277 per share. 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.