7,083 Shares in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Acquired by DMKC Advisory Services LLC

DMKC Advisory Services LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,083 shares of the company’s stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after acquiring an additional 167,861 shares during the period. Resonant Capital Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 1.9% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock valued at $59,512,000 after purchasing an additional 21,351 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 0.8% during the fourth quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock valued at $52,106,000 after purchasing an additional 7,925 shares during the period. JPMorgan Chase & Co. increased its position in JPMorgan Ultra-Short Municipal ETF by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after buying an additional 70,821 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in JPMorgan Ultra-Short Municipal ETF by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 712,875 shares of the company’s stock worth $36,150,000 after buying an additional 90,863 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

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

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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