Dynamic Advisor Solutions LLC Grows Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Dynamic Advisor Solutions LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMSTFree Report) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,805 shares of the company’s stock after purchasing an additional 2,020 shares during the period. Dynamic Advisor Solutions LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lincoln National Corp raised its stake in JPMorgan Ultra-Short Municipal ETF by 126.7% during the fourth quarter. Lincoln National Corp now owns 9,271 shares of the company’s stock valued at $470,000 after buying an additional 5,182 shares in the last quarter. RFG Advisory LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 35.2% in the fourth quarter. RFG Advisory LLC now owns 10,146 shares of the company’s stock worth $515,000 after buying an additional 2,639 shares during the last quarter. Chesley Taft & Associates LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 1.7% during the 4th quarter. Chesley Taft & Associates LLC now owns 41,825 shares of the company’s stock worth $2,122,000 after buying an additional 700 shares during the period. Morningstar Investment Services LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 153.0% during the 4th quarter. Morningstar Investment Services LLC now owns 145,210 shares of the company’s stock valued at $7,359,000 after purchasing an additional 87,817 shares during the period. Finally, Corient Private Wealth LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 3.8% during the 4th quarter. Corient Private Wealth LLC now owns 494,775 shares of the company’s stock valued at $25,105,000 after acquiring an additional 18,051 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST traded up $0.01 during midday trading on Tuesday, hitting $50.74. 210,654 shares of the company’s stock traded hands. The company’s 50 day moving average price is $50.67 and its two-hundred day moving average price is $50.70.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, June 3rd were paid a dividend of $0.1445 per share. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Monday, June 3rd.

JPMorgan Ultra-Short Municipal ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

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