Fiduciary Trust Co Trims Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Fiduciary Trust Co reduced its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 20.6% in the third quarter, Holdings Channel.com reports. The fund owned 977,349 shares of the company’s stock after selling 254,197 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 0.7% of Fiduciary Trust Co’s portfolio, making the stock its 28th largest holding. Fiduciary Trust Co’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $49,786,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of JMST. Salomon & Ludwin LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% during the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after purchasing an additional 830,218 shares during the period. FSM Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 676.0% in the 3rd quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after acquiring an additional 517,187 shares in the last quarter. Annex Advisory Services LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth $21,711,000. CWA Asset Management Group LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $19,911,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 325.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 395,478 shares of the company’s stock valued at $20,069,000 after purchasing an additional 302,492 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JPMorgan Ultra-Short Municipal ETF stock opened at $50.89 on Thursday. The business’s fifty day moving average is $50.82 and its two-hundred day moving average is $50.79.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared 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.

JPMorgan Ultra-Short Municipal ETF Company 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.