JPMorgan Ultra-Short Municipal ETF $JMST Position Decreased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lowered its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,382 shares of the company’s stock after selling 23,440 shares during the period. Orion Porfolio Solutions LLC owned about 0.13% of JPMorgan Ultra-Short Municipal ETF worth $5,481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JMST. Northwestern Mutual Wealth Management Co. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 14.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,612,505 shares of the company’s stock valued at $183,949,000 after purchasing an additional 464,869 shares during the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 8.5% during the second quarter. Bank of America Corp DE now owns 3,326,397 shares of the company’s stock worth $169,380,000 after buying an additional 259,552 shares in the last quarter. HB Wealth Management LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 173.7% in the third quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock worth $88,458,000 after buying an additional 1,099,860 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 10.0% in the third quarter. Resonant Capital Advisors LLC now owns 1,420,403 shares of the company’s stock valued at $72,497,000 after buying an additional 128,706 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 1,200,503 shares of the company’s stock valued at $61,274,000 after buying an additional 188,546 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

Shares of BATS:JMST opened at $51.02 on Friday. The stock has a fifty day moving average of $51.05 and a 200-day moving average of $51.00. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1157 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, March 2nd.

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.