Red Door Wealth Management LLC Takes Position in JPMorgan Ultra-Short Municipal ETF $JMST

Red Door Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,695 shares of the company’s stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 48.3% in the 1st quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock valued at $713,000 after acquiring an additional 4,561 shares during the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 60.6% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 12,858 shares of the company’s stock worth $655,000 after purchasing an additional 4,853 shares during the last quarter. Capital Advisors Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 28.5% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 8,243 shares of the company’s stock worth $420,000 after purchasing an additional 1,827 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 34,970 shares of the company’s stock worth $1,781,000 after purchasing an additional 360 shares in the last quarter. Finally, Rockport Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth approximately $352,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.91 on Friday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $51.13. The firm has a 50 day simple moving average of $51.04 and a 200 day simple moving average of $50.99.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1157 dividend. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a dividend yield of 2.7%. 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.