Jones Financial Companies Lllp Grows Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Jones Financial Companies Lllp boosted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 168.9% during the 4th quarter, HoldingsChannel reports. The fund owned 79,755 shares of the company’s stock after buying an additional 50,100 shares during the period. Jones Financial Companies Lllp’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,044,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bailard Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $43,522,000. FSM Wealth Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 676.0% during the third quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock valued at $30,243,000 after purchasing an additional 517,187 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 395.8% in the 4th quarter. HB Wealth Management LLC now owns 580,541 shares of the company’s stock worth $29,439,000 after acquiring an additional 463,452 shares during the period. CWA Asset Management Group LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter worth approximately $19,911,000. Finally, LPL Financial LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 9.5% during the third quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after buying an additional 167,861 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS JMST opened at $50.81 on Wednesday. The stock has a 50 day simple moving average of $50.81 and a 200 day simple moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd will be given a $0.1277 dividend. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date of this dividend is Monday, March 3rd.

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.