Hills Bank & Trust Co Takes $181,000 Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Hills Bank & Trust Co bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,574 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors also recently modified their holdings of the company. River Street Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth about $30,000. Assetmark Inc. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 591.3% during the fourth quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock worth $56,000 after purchasing an additional 946 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth about $60,000. MidAtlantic Capital Management Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter worth about $80,000. Finally, Blue Trust Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth about $82,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.82 on Friday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.53 and a one year high of $50.97. The company 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a $0.1277 dividend. 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.

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.