Raymond James & Associates Sells 17,352 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Raymond James & Associates decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,817 shares of the company’s stock after selling 17,352 shares during the quarter. Raymond James & Associates owned 0.33% of JPMorgan Ultra-Short Municipal ETF worth $8,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JMST. IMS Capital Management lifted its position in JPMorgan Ultra-Short Municipal ETF by 3.9% in the first quarter. IMS Capital Management now owns 5,350 shares of the company’s stock valued at $271,000 after purchasing an additional 200 shares during the last quarter. Guardian Asset Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 5.2% in the second quarter. Guardian Asset Advisors LLC now owns 4,452 shares of the company’s stock valued at $226,000 after purchasing an additional 221 shares during the last quarter. Harbour Investments Inc. lifted its position in JPMorgan Ultra-Short Municipal ETF by 2.2% in the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after purchasing an additional 238 shares during the last quarter. HTLF Bank lifted its position in JPMorgan Ultra-Short Municipal ETF by 3.2% in the second quarter. HTLF Bank now owns 7,909 shares of the company’s stock valued at $401,000 after purchasing an additional 243 shares during the last quarter. Finally, PFG Advisors lifted its position in JPMorgan Ultra-Short Municipal ETF by 3.8% in the first quarter. PFG Advisors now owns 6,993 shares of the company’s stock valued at $355,000 after purchasing an additional 258 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0 %

Shares of JMST stock opened at $50.83 on Wednesday. The company has a fifty day moving average of $50.86 and a 200 day moving average of $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.