Able Wealth Management LLC Acquires Shares of 26,935 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Able Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 26,935 shares of the company’s stock, valued at approximately $1,367,000. JPMorgan Ultra-Short Municipal ETF comprises approximately 1.2% of Able Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position.

Other institutional investors have also modified their holdings of the company. Macroview Investment Management LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $30,000. CVA Family Office LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $75,000. Tyler Stone Wealth Management lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 33.3% during the 3rd quarter. Tyler Stone Wealth Management now owns 3,200 shares of the company’s stock worth $161,000 after buying an additional 800 shares during the last quarter. West Paces Advisors Inc. lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 16.4% during the 4th quarter. West Paces Advisors Inc. now owns 3,510 shares of the company’s stock worth $178,000 after buying an additional 495 shares during the last quarter. Finally, Harbor Group Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $201,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST remained flat at $50.68 during trading hours on Friday. The company’s stock had a trading volume of 407,527 shares. The stock’s 50 day moving average price is $50.65 and its 200 day moving average price is $50.70.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.1445 per share. The ex-dividend date was Monday, June 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.