Compass Financial Group Inc. Decreases Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Compass Financial Group Inc. lessened its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,701 shares of the company’s stock after selling 2,195 shares during the quarter. Compass Financial Group Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. River Street Advisors LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at approximately $60,000. MidAtlantic Capital Management Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter worth $80,000. Blue Trust Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $82,000. Finally, Bank of Jackson Hole Trust purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $99,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.89 on Friday. The stock has a 50 day simple moving average of $50.80 and a 200-day simple moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently declared 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 was Monday, February 3rd.

About JPMorgan Ultra-Short Municipal ETF

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.