Private Advisor Group LLC Raises Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Private Advisor Group LLC increased its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,482 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Private Advisor Group LLC owned approximately 0.15% of JPMorgan Ultra-Short Municipal ETF worth $3,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Park Avenue Securities LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 25.8% in the 1st quarter. Park Avenue Securities LLC now owns 7,322 shares of the company’s stock worth $372,000 after buying an additional 1,503 shares during the last quarter. Narus Financial Partners LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 7.1% in the first quarter. Narus Financial Partners LLC now owns 57,312 shares of the company’s stock valued at $2,908,000 after acquiring an additional 3,777 shares during the last quarter. CAP Partners LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the first quarter valued at about $245,000. MBM Wealth Consultants LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 1.7% during the first quarter. MBM Wealth Consultants LLC now owns 224,444 shares of the company’s stock worth $11,388,000 after purchasing an additional 3,777 shares during the last quarter. Finally, Albion Financial Group UT boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 4.0% in the 1st quarter. Albion Financial Group UT now owns 59,619 shares of the company’s stock worth $3,025,000 after purchasing an additional 2,280 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.81 on Monday. The firm’s fifty day moving average price is $50.86 and its 200-day moving average price is $50.76.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

About JPMorgan Ultra-Short Municipal ETF

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.