Stonebridge Financial Group LLC Makes New $3.11 Million Investment in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Stonebridge Financial Group LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, Holdings Channel reports. The fund acquired 61,229 shares of the company’s stock, valued at approximately $3,105,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JMST. Adamsbrown Wealth Consultants LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 331.7% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 46,412 shares of the company’s stock valued at $2,364,000 after acquiring an additional 35,661 shares in the last quarter. Elmwood Wealth Management Inc. grew its position in JPMorgan Ultra-Short Municipal ETF by 22.9% in the 3rd quarter. Elmwood Wealth Management Inc. now owns 96,752 shares of the company’s stock worth $4,929,000 after purchasing an additional 18,025 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 0.7% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 351,993 shares of the company’s stock worth $17,931,000 after buying an additional 2,495 shares in the last quarter. HTLF Bank boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% in the 3rd quarter. HTLF Bank now owns 8,162 shares of the company’s stock worth $416,000 after buying an additional 253 shares during the last quarter. Finally, ERn Financial LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 24.6% in the 3rd quarter. ERn Financial LLC now owns 42,514 shares of the company’s stock valued at $2,166,000 after purchasing an additional 8,405 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

BATS JMST opened at $50.82 on Tuesday. The business’s 50 day simple moving average is $50.79 and its two-hundred day simple moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1208 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.