JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Stock Position Raised by Red Mountain Financial LLC

Red Mountain Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,831 shares of the company’s stock after acquiring an additional 285 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up 1.1% of Red Mountain Financial LLC’s investment portfolio, making the stock its 24th largest holding. Red Mountain Financial LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,061,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its position in JPMorgan Ultra-Short Municipal ETF by 325.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 395,478 shares of the company’s stock worth $20,069,000 after buying an additional 302,492 shares in the last quarter. LPL Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 10.9% in the second quarter. LPL Financial LLC now owns 1,757,832 shares of the company’s stock valued at $89,201,000 after buying an additional 172,347 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 22.5% during the second quarter. Resonant Capital Advisors LLC now owns 892,834 shares of the company’s stock worth $45,307,000 after purchasing an additional 163,699 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 400.5% during the 2nd quarter. NewEdge Advisors LLC now owns 201,965 shares of the company’s stock worth $10,249,000 after buying an additional 161,613 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 72.9% in the second quarter. Thrivent Financial for Lutherans now owns 375,221 shares of the company’s stock valued at $19,041,000 after acquiring an additional 158,170 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.81 on Friday. The stock’s 50 day simple moving average is $50.86 and its two-hundred day simple moving average is $50.75.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a $0.1451 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.