IFP Advisors Inc Boosts Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

IFP Advisors Inc raised its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,456 shares of the company’s stock after purchasing an additional 282 shares during the period. IFP Advisors Inc’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. John W. Brooker & Co. CPAs lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the fourth quarter. John W. Brooker & Co. CPAs now owns 27,303 shares of the company’s stock worth $1,385,000 after purchasing an additional 267 shares during the last quarter. Essex Savings Bank lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.6% during the third quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock worth $322,000 after purchasing an additional 276 shares during the last quarter. Meridian Financial LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 6.9% during the fourth quarter. Meridian Financial LLC now owns 5,022 shares of the company’s stock worth $255,000 after purchasing an additional 322 shares during the last quarter. Gradient Capital Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.3% during the fourth quarter. Gradient Capital Advisors LLC now owns 8,127 shares of the company’s stock worth $412,000 after purchasing an additional 333 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 5.0% during the third quarter. Apollon Wealth Management LLC now owns 7,244 shares of the company’s stock worth $369,000 after purchasing an additional 348 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.2 %

Shares of JMST stock opened at $50.89 on Wednesday. The stock’s 50 day moving average is $50.80 and its 200-day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a $0.1208 dividend. The ex-dividend date was 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.