PDS Planning Inc Sells 3,414 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

PDS Planning Inc trimmed its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,056 shares of the company’s stock after selling 3,414 shares during the period. PDS Planning Inc owned 0.20% of JPMorgan Ultra-Short Municipal ETF worth $5,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bailard Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $43,522,000. HB Wealth Management LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 395.8% in the 4th quarter. HB Wealth Management LLC now owns 580,541 shares of the company’s stock worth $29,439,000 after purchasing an additional 463,452 shares during the period. Raymond James Financial Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $22,229,000. LPL Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% during the third quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after acquiring an additional 167,861 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 30.3% during the fourth quarter. Corient Private Wealth LLC now owns 695,881 shares of the company’s stock valued at $35,288,000 after acquiring an additional 161,884 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.83 on Tuesday. The business has a 50 day simple moving average of $50.81 and a two-hundred day simple moving average of $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 business also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a $0.1277 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.