Focus Financial Network Inc. Sells 28,877 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Focus Financial Network Inc. trimmed its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 35.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,510 shares of the company’s stock after selling 28,877 shares during the quarter. Focus Financial Network Inc. owned approximately 0.10% of JPMorgan Ultra-Short Municipal ETF worth $2,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Chris Bulman Inc acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $35,000. Financial Perspectives Inc acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth approximately $40,000. Larson Financial Group LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter valued at approximately $50,000. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at approximately $82,000. Finally, Centaurus Financial Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth approximately $112,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST stock opened at $50.69 on Friday. The stock has a 50 day moving average price of $50.85 and a 200-day moving average price of $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1451 per share. 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.