Flputnam Investment Management Co. Grows Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Flputnam Investment Management Co. grew its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 54.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,190 shares of the company’s stock after buying an additional 77,057 shares during the period. Flputnam Investment Management Co.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $11,064,000 at the end of the most recent quarter.

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

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.92 on Friday. The firm has a 50 day moving average price of $50.81 and a 200 day moving average price of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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