Global Wealth Management LLC Takes $14.99 Million Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Global Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 294,332 shares of the company’s stock, valued at approximately $14,993,000. JPMorgan Ultra-Short Municipal ETF comprises approximately 10.1% of Global Wealth Management LLC’s holdings, making the stock its 4th biggest position. Global Wealth Management LLC owned about 0.57% of JPMorgan Ultra-Short Municipal ETF as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 100,928 shares of the company’s stock worth $5,141,000 after acquiring an additional 812 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 25.4% in the third quarter. Masso Torrence Wealth Management Inc. now owns 14,646 shares of the company’s stock worth $746,000 after purchasing an additional 2,965 shares during the last quarter. Silver Oak Securities Incorporated boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 95.2% during the third quarter. Silver Oak Securities Incorporated now owns 19,953 shares of the company’s stock valued at $1,017,000 after buying an additional 9,733 shares during the period. Mason & Associates Inc grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 232.8% during the third quarter. Mason & Associates Inc now owns 39,273 shares of the company’s stock valued at $2,001,000 after buying an additional 27,471 shares during the last quarter. Finally, Commonwealth Financial Services LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 11.1% during the third quarter. Commonwealth Financial Services LLC now owns 15,956 shares of the company’s stock valued at $811,000 after buying an additional 1,588 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0 %

JPMorgan Ultra-Short Municipal ETF stock traded up $0.01 during mid-day trading on Friday, hitting $50.81. The company’s stock had a trading volume of 409,416 shares. The company has a 50 day simple moving average of $50.86 and a 200 day simple moving average of $50.76.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued 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 was Tuesday, September 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.