Mills Wealth Advisors LLC Reduces Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Mills Wealth Advisors LLC cut its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 35.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,808 shares of the company’s stock after selling 105,097 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up about 5.5% of Mills Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. Mills Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $9,727,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. River Street Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the third quarter worth about $30,000. Legacy Investment Solutions LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $60,000. MidAtlantic Capital Management Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $80,000. Blue Trust Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth about $82,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth approximately $99,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.2 %

JMST opened at $50.89 on Friday. The firm’s 50 day moving average is $50.80 and its 200 day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid 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.