McNamara Financial Services Inc. Buys New Shares in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

McNamara Financial Services Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 116,873 shares of the company’s stock, valued at approximately $5,927,000. JPMorgan Ultra-Short Municipal ETF comprises about 1.4% of McNamara Financial Services Inc.’s investment portfolio, making the stock its 13th largest position.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 22.7% during the 4th quarter. GAMMA Investing LLC now owns 17,228 shares of the company’s stock valued at $874,000 after buying an additional 3,192 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 7,537.1% in the third quarter. International Assets Investment Management LLC now owns 123,416 shares of the company’s stock valued at $6,287,000 after acquiring an additional 121,800 shares during the period. Private Advisor Group LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% during the third quarter. Private Advisor Group LLC now owns 78,482 shares of the company’s stock valued at $3,998,000 after acquiring an additional 1,434 shares during the last quarter. JPMorgan Chase & Co. boosted 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 period. Finally, Townsquare Capital LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 29.3% in the third quarter. Townsquare Capital LLC now owns 9,815 shares of the company’s stock worth $500,000 after purchasing an additional 2,227 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.89 on Monday. The firm’s 50 day simple moving average is $50.80 and its 200 day simple moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 5th. Investors of record on Monday, February 3rd will be paid a $0.1208 dividend. The ex-dividend date is Monday, February 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.