Canvas Wealth Advisors LLC Invests $1.10 Million in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Canvas Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, HoldingsChannel.com reports. The fund bought 21,548 shares of the company’s stock, valued at approximately $1,095,000.

Other institutional investors have also recently bought and sold shares of the company. HTLF Bank grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% in the 3rd quarter. HTLF Bank now owns 8,162 shares of the company’s stock valued at $416,000 after acquiring an additional 253 shares in the last quarter. John W. Brooker & Co. CPAs grew its stake in JPMorgan Ultra-Short Municipal ETF by 1.0% in the fourth quarter. John W. Brooker & Co. CPAs now owns 27,303 shares of the company’s stock valued at $1,385,000 after purchasing an additional 267 shares in the last quarter. Essex Savings Bank increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.6% during the 3rd quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock worth $322,000 after purchasing an additional 276 shares during the last quarter. Meridian Financial LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 6.9% during the 4th quarter. Meridian Financial LLC now owns 5,022 shares of the company’s stock worth $255,000 after purchasing an additional 322 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 7,244 shares of the company’s stock worth $369,000 after purchasing an additional 348 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS JMST opened at $50.81 on Monday. The stock’s 50-day moving average price is $50.79 and its two-hundred day moving average price is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a $0.1208 dividend. The ex-dividend date was Monday, February 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.