Encompass Wealth Advisors LLC Raises Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Encompass Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 54,659 shares of the company’s stock after purchasing an additional 482 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises 1.1% of Encompass Wealth Advisors LLC’s holdings, making the stock its 19th largest holding. Encompass Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JMST. Park Avenue Securities LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter worth about $891,000. Albion Financial Group UT boosted its stake in JPMorgan Ultra-Short Municipal ETF by 20.4% in the 3rd quarter. Albion Financial Group UT now owns 76,154 shares of the company’s stock worth $3,879,000 after purchasing an additional 12,890 shares in the last quarter. Red Mountain Financial LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 1.4% during the 3rd quarter. Red Mountain Financial LLC now owns 20,831 shares of the company’s stock worth $1,061,000 after purchasing an additional 285 shares during the last quarter. Priebe Wealth Holdings LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 20.5% during the 3rd quarter. Priebe Wealth Holdings LLC now owns 22,043 shares of the company’s stock worth $1,123,000 after purchasing an additional 3,756 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at approximately $21,711,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.81 on Friday. The firm’s fifty day moving average is $50.80 and its two-hundred day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a $0.1208 dividend. The ex-dividend date was Monday, February 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.