Hills Bank & Trust Co Buys Shares of 3,574 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Hills Bank & Trust Co bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, Holdings Channel reports. The fund bought 3,574 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. River Street Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $30,000. Assetmark Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 591.3% during the fourth quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock valued at $56,000 after acquiring an additional 946 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $60,000. MidAtlantic Capital Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $80,000. Finally, Blue Trust Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $82,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.82 on Friday. The firm has a 50 day moving average of $50.81 and a 200 day moving average of $50.82. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.53 and a twelve month high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.1277 per share. The ex-dividend date was Monday, March 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.