JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 54.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,675 shares of the company’s stock after purchasing an additional 49,733 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $7,217,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JMST. BNP Paribas Financial Markets boosted its position in JPMorgan Ultra-Short Municipal ETF by 362,975.0% in the 1st quarter. BNP Paribas Financial Markets now owns 14,523 shares of the company’s stock valued at $737,000 after buying an additional 14,519 shares during the period. PFG Advisors grew its stake in JPMorgan Ultra-Short Municipal ETF by 3.8% during the 1st quarter. PFG Advisors now owns 6,993 shares of the company’s stock worth $355,000 after purchasing an additional 258 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 27.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 8,337 shares of the company’s stock worth $423,000 after purchasing an additional 1,778 shares during the period. Williams Jones Wealth Management LLC. acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 1st quarter valued at about $459,000. Finally, Avantax Advisory Services Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 32.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 81,192 shares of the company’s stock valued at $4,120,000 after buying an additional 19,735 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.77 on Friday. The stock’s 50 day moving average is $50.83 and its 200-day moving average 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 given a $0.1451 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.