Congress Wealth Management LLC DE Acquires Shares of 8,385 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Congress Wealth Management LLC DE bought a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, Holdings Channel reports. The fund bought 8,385 shares of the company’s stock, valued at approximately $425,000.

Several other institutional investors also recently modified their holdings of JMST. LPL Financial LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 20.9% during the fourth quarter. LPL Financial LLC now owns 2,328,339 shares of the company’s stock worth $118,070,000 after acquiring an additional 402,646 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of 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 worth $59,512,000 after buying an additional 21,351 shares during the last quarter. Salomon & Ludwin LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 0.8% during 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. raised its stake in 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 valued at $44,060,000 after buying an additional 70,821 shares during the last quarter. Finally, Bailard Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $43,522,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.82 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.53 and a 12 month high of $50.98. The stock’s fifty day moving average price is $50.83 and its 200-day moving average price is $50.81.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.1277 per share. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, March 3rd.

JPMorgan Ultra-Short Municipal ETF 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.