Focus Partners Wealth Acquires 167,556 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Focus Partners Wealth raised its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 51.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 491,492 shares of the company’s stock after purchasing an additional 167,556 shares during the period. Focus Partners Wealth’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $24,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JMST. Howe & Rusling Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $33,000. Cary Street Partners Financial LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $34,000. Assetmark Inc. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 591.3% in the fourth quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock valued at $56,000 after acquiring an additional 946 shares during the last quarter. Blue Trust Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $82,000. Finally, Bank of Jackson Hole Trust bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $99,000.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.0%

Shares of JMST stock opened at $50.74 on Monday. The business’s 50 day simple moving average is $50.72 and its 200 day simple moving average is $50.77. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year high of $50.98.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.