Principle Wealth Partners LLC Trims Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Principle Wealth Partners LLC cut its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 290,966 shares of the company’s stock after selling 8,341 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for about 1.0% of Principle Wealth Partners LLC’s holdings, making the stock its 24th largest position. Principle Wealth Partners LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $14,755,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JMST. LPL Financial LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after acquiring an additional 167,861 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock worth $59,512,000 after purchasing an additional 21,351 shares during the period. Salomon & Ludwin LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after purchasing an additional 830,218 shares during the period. JPMorgan Chase & Co. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after purchasing an additional 70,821 shares during the period. Finally, FSM Wealth Advisors LLC lifted its stake in shares of 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 valued at $30,243,000 after buying an additional 517,187 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of JMST stock opened at $50.82 on Tuesday. The business has a 50-day simple moving average of $50.79 and a two-hundred day simple moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a dividend of $0.1208 per share. The ex-dividend date was Monday, February 3rd.

JPMorgan Ultra-Short Municipal ETF 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.