9,142 Shares in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Purchased by Parallel Advisors LLC

Parallel Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, HoldingsChannel reports. The firm acquired 9,142 shares of the company’s stock, valued at approximately $464,000.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake 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 last quarter. Legacy Investment Solutions LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth $60,000. Blue Trust Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $82,000. Bank of Jackson Hole Trust acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $99,000. Finally, Hills Bank & Trust Co acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $181,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of JMST opened at $50.84 on Friday. The stock’s 50 day moving average is $50.82 and its two-hundred day moving average is $50.82. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.53 and a twelve month high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a dividend of $0.1277 per share. The ex-dividend date of this dividend 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.