JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Sold by Clear Point Advisors Inc.

Clear Point Advisors Inc. reduced its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,455 shares of the company’s stock after selling 3,212 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up about 1.4% of Clear Point Advisors Inc.’s investment portfolio, making the stock its 15th biggest holding. Clear Point Advisors Inc. owned approximately 0.07% of JPMorgan Ultra-Short Municipal ETF worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chris Bulman Inc purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth $35,000. Financial Perspectives Inc acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $40,000. Larson Financial Group LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $50,000. GAMMA Investing LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at approximately $50,000. Finally, Cooksen Wealth LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at approximately $51,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.94 on Wednesday. The firm’s 50 day simple moving average is $50.86 and its 200 day simple moving average is $50.74.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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