Ariadne Wealth Management LP Buys Shares of 39,746 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Ariadne Wealth Management LP purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,746 shares of the company’s stock, valued at approximately $2,020,000. JPMorgan Ultra-Short Municipal ETF comprises approximately 0.9% of Ariadne Wealth Management LP’s holdings, making the stock its 25th biggest holding. Ariadne Wealth Management LP owned about 0.08% of JPMorgan Ultra-Short Municipal ETF as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 13.1% during the fourth quarter. Ashton Thomas Securities LLC now owns 27,269 shares of the company’s stock valued at $1,383,000 after buying an additional 3,154 shares during the last quarter. Interchange Capital Partners LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 45.6% during the fourth quarter. Interchange Capital Partners LLC now owns 164,661 shares of the company’s stock valued at $8,350,000 after acquiring an additional 51,599 shares during the period. Woodmont Investment Counsel LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 2.6% in the 4th quarter. Woodmont Investment Counsel LLC now owns 20,579 shares of the company’s stock valued at $1,044,000 after acquiring an additional 525 shares in the last quarter. Congress Wealth Management LLC DE bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth approximately $425,000. Finally, LPL Financial LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 20.9% during the 4th quarter. LPL Financial LLC now owns 2,328,339 shares of the company’s stock worth $118,070,000 after purchasing an additional 402,646 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.85 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.53 and a one year high of $50.97. The business has a fifty day simple moving average of $50.82 and a 200 day simple 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 $0.1277 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.