Freedom Investment Management Inc. Acquires 5,572 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Freedom Investment Management Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 13.6% during the fourth quarter, HoldingsChannel reports. The fund owned 46,692 shares of the company’s stock after acquiring an additional 5,572 shares during the quarter. Freedom Investment Management Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 20.9% in the 4th quarter. LPL Financial LLC now owns 2,328,339 shares of the company’s stock valued at $118,070,000 after buying an additional 402,646 shares during the last quarter. FMR LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 2.3% in the fourth quarter. FMR LLC now owns 1,837,552 shares of the company’s stock worth $93,182,000 after purchasing an additional 41,774 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 1.9% in the 4th 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 during the period. Salomon & Ludwin LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 0.8% during the 4th quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock worth $52,106,000 after purchasing an additional 7,925 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.6% in the 4th quarter. JPMorgan Chase & Co. now owns 912,989 shares of the company’s stock worth $46,298,000 after buying an additional 48,049 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.3 %

Shares of JMST stock opened at $50.63 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.42 and a 52 week high of $50.98. The firm’s 50-day simple moving average is $50.77 and its two-hundred day simple moving average is $50.79.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.1277 dividend. This is an increase 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.