Ergawealth Advisors Inc. Cuts Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Ergawealth Advisors Inc. lessened its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 13.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,528 shares of the company’s stock after selling 827 shares during the quarter. Ergawealth Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMST. FSM Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 676.0% during the 3rd quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after purchasing an additional 517,187 shares during the last quarter. HB Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 395.8% during the 4th quarter. HB Wealth Management LLC now owns 580,541 shares of the company’s stock worth $29,439,000 after purchasing an additional 463,452 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth $19,911,000. LPL Financial LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 9.5% during 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. Finally, NorthRock Partners LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 2,344.8% during the 3rd quarter. NorthRock Partners LLC now owns 150,480 shares of the company’s stock worth $7,665,000 after purchasing an additional 144,325 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.89 on Friday. The firm’s fifty day moving average price is $50.80 and its 200-day moving average price is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1208 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.