Shum Financial Group Inc. Purchases Shares of 18,519 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Shum Financial Group Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the third quarter, HoldingsChannel reports. The fund purchased 18,519 shares of the company’s stock, valued at approximately $938,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JMST. International Assets Investment Management LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 7,537.1% in the third quarter. International Assets Investment Management LLC now owns 123,416 shares of the company’s stock worth $6,287,000 after purchasing an additional 121,800 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% in the third quarter. Private Advisor Group LLC now owns 78,482 shares of the company’s stock worth $3,998,000 after purchasing an additional 1,434 shares during the last quarter. Raymond James & Associates increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 3.3% in the second quarter. Raymond James & Associates now owns 187,169 shares of the company’s stock worth $9,498,000 after purchasing an additional 6,055 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% in the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock worth $556,000 after purchasing an additional 238 shares during the last quarter. Finally, Krilogy Financial LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $518,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

Shares of JMST stock traded up $0.01 during trading hours on Tuesday, hitting $50.85. The stock had a trading volume of 283,483 shares. The business has a 50 day simple moving average of $50.82 and a 200-day simple moving average of $50.78.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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