James J. Burns & Company LLC Trims Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

James J. Burns & Company LLC decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 64.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,518 shares of the company’s stock after selling 35,342 shares during the period. James J. Burns & Company LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $995,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Chris Bulman Inc purchased a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter worth approximately $35,000. Financial Perspectives Inc acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $40,000. Larson Financial Group LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at about $50,000. International Assets Investment Management LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $82,000. Finally, Key Financial Inc boosted its stake in JPMorgan Ultra-Short Municipal ETF by 65.6% during the third quarter. Key Financial Inc now owns 2,116 shares of the company’s stock worth $108,000 after buying an additional 838 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

JPMorgan Ultra-Short Municipal ETF stock opened at $50.70 on Tuesday. The company has a 50-day moving average of $50.85 and a 200 day moving average of $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were paid 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 of this dividend 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.