JPMorgan Ultra-Short Municipal ETF (BATS:JMST) is MJP Associates Inc. ADV’s 9th Largest Position

MJP Associates Inc. ADV decreased its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,550 shares of the company’s stock after selling 24,088 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 3.2% of MJP Associates Inc. ADV’s portfolio, making the stock its 9th biggest holding. MJP Associates Inc. ADV owned approximately 0.69% of JPMorgan Ultra-Short Municipal ETF worth $18,030,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. raised its position in JPMorgan Ultra-Short Municipal ETF by 2.7% in the third quarter. Franklin Resources Inc. now owns 153,837 shares of the company’s stock valued at $7,815,000 after purchasing an additional 4,050 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 132.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 234,143 shares of the company’s stock valued at $11,927,000 after purchasing an additional 133,215 shares during the period. HBW Advisory Services LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $287,000. Forza Wealth Management LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 110.1% during the 4th quarter. Forza Wealth Management LLC now owns 31,300 shares of the company’s stock worth $1,587,000 after buying an additional 16,400 shares during the last quarter. Finally, Elmwood Wealth Management Inc. lifted its position in JPMorgan Ultra-Short Municipal ETF by 10.8% during the 4th quarter. Elmwood Wealth Management Inc. now owns 107,219 shares of the company’s stock worth $5,437,000 after acquiring an additional 10,467 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.74 on Monday. The business has a 50 day simple moving average of $50.72 and a 200-day simple moving average of $50.77. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $50.98.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.