PNC Financial Services Group Inc. Has $332,000 Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

PNC Financial Services Group Inc. lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 654,800.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,549 shares of the company’s stock after acquiring an additional 6,548 shares during the period. PNC Financial Services Group Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $332,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 22.7% during the 4th quarter. GAMMA Investing LLC now owns 17,228 shares of the company’s stock valued at $874,000 after acquiring an additional 3,192 shares during the period. JPMorgan Chase & Co. increased its stake in JPMorgan Ultra-Short Municipal ETF by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after purchasing an additional 70,821 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in JPMorgan Ultra-Short Municipal ETF by 14.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 41,649 shares of the company’s stock valued at $2,112,000 after purchasing an additional 5,232 shares in the last quarter. Townsquare Capital LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 29.3% during the 3rd quarter. Townsquare Capital LLC now owns 9,815 shares of the company’s stock valued at $500,000 after purchasing an additional 2,227 shares in the last quarter. Finally, Truist Financial Corp increased its stake in JPMorgan Ultra-Short Municipal ETF by 4.0% during the 4th quarter. Truist Financial Corp now owns 80,823 shares of the company’s stock valued at $4,099,000 after purchasing an additional 3,113 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.84 on Friday. The firm has a fifty day simple moving average of $50.82 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 firm also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1277 per share. The ex-dividend date 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 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.