SFG Wealth Management LLC. Takes Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

SFG Wealth Management LLC. purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the third quarter, Holdings Channel reports. The firm purchased 19,109 shares of the company’s stock, valued at approximately $973,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% during the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after buying an additional 830,218 shares during the period. FSM Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 676.0% during the 3rd quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after acquiring an additional 517,187 shares in the last quarter. Annex Advisory Services LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $21,711,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 325.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 395,478 shares of the company’s stock worth $20,069,000 after purchasing an additional 302,492 shares during the period. Finally, Global Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $14,993,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JMST stock traded up $0.06 during trading on Friday, hitting $50.69. 414,529 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $50.83 and its two-hundred day moving average price is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

About JPMorgan Ultra-Short Municipal ETF

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.