Parallel Advisors LLC Takes $464,000 Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Parallel Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,142 shares of the company’s stock, valued at approximately $464,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in shares of 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 buying an additional 167,861 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 1.9% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock valued at $59,512,000 after acquiring an additional 21,351 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 0.8% in the fourth quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock valued at $52,106,000 after acquiring an additional 7,925 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% during the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after purchasing an additional 70,821 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $43,522,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JMST opened at $50.84 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.53 and a 52 week high of $50.97. The business’s 50 day moving average is $50.82 and its two-hundred day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1277 per share. 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.

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.