Bailard Inc. Makes New $43.52 Million Investment in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Bailard Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 858,245 shares of the company’s stock, valued at approximately $43,522,000. JPMorgan Ultra-Short Municipal ETF makes up 1.1% of Bailard Inc.’s holdings, making the stock its 20th biggest position. Bailard Inc. owned 1.66% of JPMorgan Ultra-Short Municipal ETF as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JMST. River Street Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at $60,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at $80,000. Blue Trust Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $82,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $99,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.3 %

Shares of BATS:JMST opened at $50.92 on Friday. The stock’s 50 day moving average is $50.81 and its two-hundred day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be paid a dividend of $0.1277 per share. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date is Monday, March 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.