Weatherly Asset Management L. P. Acquires 25,812 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Weatherly Asset Management L. P. grew its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 707,636 shares of the company’s stock after buying an additional 25,812 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up approximately 2.8% of Weatherly Asset Management L. P.’s portfolio, making the stock its 7th largest holding. Weatherly Asset Management L. P.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $36,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Rice Partnership LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at $43,000. Financial Network Wealth Advisors LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $54,000 after acquiring an additional 1,013 shares during the period. US Bancorp DE grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after purchasing an additional 653 shares during the last quarter. Park Place Capital Corp grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 118.3% in the fourth quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock valued at $90,000 after purchasing an additional 952 shares during the last quarter. Finally, Triumph Capital Management bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter worth about $96,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $50.91 on Thursday. The stock has a 50-day simple moving average of $51.04 and a 200 day simple moving average of $50.99. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1157 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, March 2nd.

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.