Millstone Evans Group LLC Acquires Shares of 2,600 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Millstone Evans Group LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,600 shares of the company’s stock, valued at approximately $132,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after buying an additional 167,861 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 1.9% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock valued at $59,512,000 after buying an additional 21,351 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 0.8% in the 4th quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock valued at $52,106,000 after buying an additional 7,925 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Municipal ETF by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after buying an additional 70,821 shares in the last quarter. Finally, Bailard Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $43,522,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.84 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.53 and a 52-week high of $50.97. The business’s fifty day moving average is $50.82 and its 200-day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1277 per share. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date was Monday, March 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.