MidAtlantic Capital Management Inc. Purchases New Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

MidAtlantic Capital Management Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,565 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMS Capital Management raised its stake in JPMorgan Ultra-Short Municipal ETF by 3.9% during the first quarter. IMS Capital Management now owns 5,350 shares of the company’s stock valued at $271,000 after buying an additional 200 shares in the last quarter. Guardian Asset Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 5.2% during the second quarter. Guardian Asset Advisors LLC now owns 4,452 shares of the company’s stock valued at $226,000 after buying an additional 221 shares in the last quarter. Harbour Investments Inc. raised its stake in JPMorgan Ultra-Short Municipal ETF by 2.2% during the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after buying an additional 238 shares in the last quarter. HTLF Bank raised its stake in JPMorgan Ultra-Short Municipal ETF by 3.2% during the second quarter. HTLF Bank now owns 7,909 shares of the company’s stock valued at $401,000 after buying an additional 243 shares in the last quarter. Finally, Essex Savings Bank raised its stake in JPMorgan Ultra-Short Municipal ETF by 4.6% during the third quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock valued at $322,000 after buying an additional 276 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.82 on Monday. The company’s 50-day moving average price is $50.82 and its 200 day moving average price is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.1451 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.