Howe & Rusling Inc. Makes New $33,000 Investment in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Howe & Rusling Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 644 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.6% in the 4th quarter. JPMorgan Chase & Co. now owns 912,989 shares of the company’s stock valued at $46,298,000 after purchasing an additional 48,049 shares during the period. Tyler Stone Wealth Management grew its position in JPMorgan Ultra-Short Municipal ETF by 18.9% in the fourth quarter. Tyler Stone Wealth Management now owns 13,338 shares of the company’s stock valued at $676,000 after acquiring an additional 2,120 shares during the period. Ariadne Wealth Management LP acquired a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $2,020,000. Ashton Thomas Securities LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 13.1% during the fourth quarter. Ashton Thomas Securities LLC now owns 27,269 shares of the company’s stock valued at $1,383,000 after acquiring an additional 3,154 shares during the period. Finally, Interchange Capital Partners LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 45.6% in the 4th quarter. Interchange Capital Partners LLC now owns 164,661 shares of the company’s stock valued at $8,350,000 after purchasing an additional 51,599 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JMST opened at $50.82 on Friday. The firm’s 50-day simple moving average is $50.83 and its 200-day simple moving average is $50.81. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.53 and a twelve month high of $50.98.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.