Souders Financial Advisors Raises Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Souders Financial Advisors raised its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,507 shares of the company’s stock after purchasing an additional 1,148 shares during the quarter. Souders Financial Advisors’ holdings in JPMorgan Ultra-Short Municipal ETF were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. River Street Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $60,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $80,000. Blue Trust Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $82,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $99,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.80 on Thursday. The firm’s 50 day simple moving average is $50.81 and its 200 day simple moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1277 per share. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date was Monday, March 3rd.

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.