Souders Financial Advisors Acquires 622 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Souders Financial Advisors increased its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,359 shares of the company’s stock after buying an additional 622 shares during the quarter. Souders Financial Advisors’ holdings in JPMorgan Ultra-Short Municipal ETF were worth $579,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JMST. Chris Bulman Inc bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at $35,000. Financial Perspectives Inc bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth approximately $40,000. Larson Financial Group LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at approximately $50,000. International Assets Investment Management LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth $82,000. Finally, Key Financial Inc grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 65.6% in the third quarter. Key Financial Inc now owns 2,116 shares of the company’s stock worth $108,000 after purchasing an additional 838 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS JMST opened at $50.75 on Wednesday. The stock has a 50-day moving average price of $50.83 and a 200 day moving average price of $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a $0.1451 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.