Axxcess Wealth Management LLC Has $6.90 Million Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Axxcess Wealth Management LLC cut its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,132 shares of the company’s stock after selling 5,543 shares during the period. Axxcess Wealth Management LLC owned about 0.26% of JPMorgan Ultra-Short Municipal ETF worth $6,903,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 591.3% in the 4th quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock worth $56,000 after buying an additional 946 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $60,000. MidAtlantic Capital Management Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $80,000. Blue Trust Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth approximately $82,000. Finally, Bank of Jackson Hole Trust bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $99,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS JMST opened at $50.83 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.53 and a one year high of $50.97. The stock’s 50 day simple moving average is $50.81 and its 200 day simple moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change 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.