Clarity Asset Management Inc. Has $2.41 Million Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Clarity Asset Management Inc. boosted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,522 shares of the company’s stock after buying an additional 884 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for approximately 1.6% of Clarity Asset Management Inc.’s holdings, making the stock its 14th largest position. Clarity Asset Management Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $33,000. Cary Street Partners Financial LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $34,000. Assetmark Inc. boosted its holdings in shares of 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 buying an additional 946 shares during the period. Blue Trust Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $82,000. Finally, Bank of Jackson Hole Trust bought a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $99,000.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.1 %

BATS:JMST opened at $50.72 on Thursday. The stock has a 50-day simple moving average of $50.73 and a 200 day simple moving average of $50.78. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high of $50.98.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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