Shore Point Advisors LLC Has $240,000 Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Shore Point Advisors LLC trimmed its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 15.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,719 shares of the company’s stock after selling 875 shares during the period. Shore Point Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $240,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JMST. Harbor Group Inc. grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 27.7% during the 1st quarter. Harbor Group Inc. now owns 5,062 shares of the company’s stock worth $257,000 after acquiring an additional 1,097 shares in the last quarter. Raymond James & Associates increased its stake in JPMorgan Ultra-Short Municipal ETF by 3.3% in the 2nd quarter. Raymond James & Associates now owns 187,169 shares of the company’s stock valued at $9,498,000 after buying an additional 6,055 shares during the last quarter. Aletheian Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth about $204,000. Harbour Investments Inc. lifted its position in JPMorgan Ultra-Short Municipal ETF by 2.2% during the 2nd quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock worth $556,000 after buying an additional 238 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth about $50,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.81 on Friday. The firm has a 50-day moving average of $50.86 and a 200-day moving average of $50.75.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.1451 per share. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Tuesday, September 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.