Resonant Capital Advisors LLC Has $34.54 Million Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Resonant Capital Advisors LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 678,912 shares of the company’s stock after buying an additional 23,850 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for approximately 3.3% of Resonant Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Resonant Capital Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $34,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JMST. Macroview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $30,000. LWM Advisory Services LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth approximately $38,000. Advisory Services Network LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 41.4% in the 1st quarter. Advisory Services Network LLC now owns 854 shares of the company’s stock worth $43,000 after purchasing an additional 250 shares during the period. CVA Family Office LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $75,000. Finally, Bessemer Group Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $81,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS:JMST traded up $0.01 during trading hours on Friday, reaching $50.66. The stock had a trading volume of 268,940 shares. The stock has a 50-day moving average of $50.69 and a 200 day moving average of $50.64.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were paid a $0.1399 dividend. The ex-dividend date was Monday, April 1st.

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.