JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 28.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,339 shares of the company’s stock after selling 4,451 shares during the period. Farther Finance Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $575,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock worth $98,095,000 after purchasing an additional 167,861 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock worth $59,512,000 after purchasing an additional 21,351 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.8% in the 4th quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock worth $52,106,000 after purchasing an additional 7,925 shares during the last quarter. JPMorgan Chase & Co. lifted 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 worth $44,060,000 after purchasing an additional 70,821 shares during the last quarter. Finally, Bailard Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth approximately $43,522,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.82 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.53 and a 12-month high of $50.97. The stock’s 50 day simple moving average is $50.81 and its 200 day simple moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently announced 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 an increase 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.