19,307 Shares in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Purchased by Financial Management Professionals Inc.

Financial Management Professionals Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,307 shares of the company’s stock, valued at approximately $980,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JMST. Macroview Investment Management LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $30,000. GAMMA Investing LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the first quarter valued at about $50,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at approximately $51,000. CVA Family Office LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at approximately $75,000. Finally, Tyler Stone Wealth Management lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 33.3% during the 3rd quarter. Tyler Stone Wealth Management now owns 3,200 shares of the company’s stock valued at $161,000 after buying an additional 800 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.75 on Friday. The company’s 50 day simple moving average is $50.67 and its 200 day simple moving average is $50.70.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, June 3rd were paid a dividend of $0.1445 per share. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, June 3rd.

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.