JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Holdings Raised by LPL Financial LLC

LPL Financial LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 20.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,328,339 shares of the company’s stock after buying an additional 402,646 shares during the period. LPL Financial LLC owned 4.50% of JPMorgan Ultra-Short Municipal ETF worth $118,070,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $132,000. Thrivent Financial for Lutherans boosted its stake in JPMorgan Ultra-Short Municipal ETF by 33.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 602,612 shares of the company’s stock valued at $30,563,000 after buying an additional 151,260 shares in the last quarter. BlackDiamond Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 21.8% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 12,319 shares of the company’s stock worth $625,000 after acquiring an additional 2,206 shares during the period. Cozad Asset Management Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth about $903,000. Finally, Parallel Advisors LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $464,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.2 %

Shares of JMST opened at $50.85 on Tuesday. The firm’s 50 day moving average is $50.82 and its 200-day moving average is $50.81. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.53 and a 12-month high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a $0.1277 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.