Interchange Capital Partners LLC Has $8.35 Million Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Interchange Capital Partners LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 45.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,661 shares of the company’s stock after acquiring an additional 51,599 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up approximately 3.0% of Interchange Capital Partners LLC’s holdings, making the stock its 3rd biggest position. Interchange Capital Partners LLC owned approximately 0.32% of JPMorgan Ultra-Short Municipal ETF worth $8,350,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 22.7% in the 4th quarter. GAMMA Investing LLC now owns 17,228 shares of the company’s stock valued at $874,000 after buying an additional 3,192 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after buying an additional 70,821 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 14.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 41,649 shares of the company’s stock valued at $2,112,000 after buying an additional 5,232 shares during the last quarter. Townsquare Capital LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 29.3% in the 3rd quarter. Townsquare Capital LLC now owns 9,815 shares of the company’s stock valued at $500,000 after buying an additional 2,227 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 4.0% in the 4th quarter. Truist Financial Corp now owns 80,823 shares of the company’s stock valued at $4,099,000 after buying an additional 3,113 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.84 on Monday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.53 and a 12 month high of $50.97. The stock has a 50 day moving average of $50.82 and a 200-day moving average of $50.81.

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 issued a dividend of $0.1277 per share. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, March 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.