Boothe Investment Group Inc. Purchases 20,804 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Boothe Investment Group Inc. grew its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 8.7% during the 4th quarter, HoldingsChannel reports. The firm owned 260,299 shares of the company’s stock after purchasing an additional 20,804 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 5.7% of Boothe Investment Group Inc.’s portfolio, making the stock its 4th largest holding. Boothe Investment Group Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $13,200,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JMST. River Street Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth $30,000. Legacy Investment Solutions LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth $60,000. MidAtlantic Capital Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth $80,000. Blue Trust Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $82,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $99,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.2 %

Shares of JMST stock opened at $50.86 on Monday. The stock’s 50-day moving average is $50.80 and its two-hundred day 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. Stockholders of record on Monday, February 3rd were given a $0.1208 dividend. The ex-dividend date of this dividend 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.