River Street Advisors LLC Invests $30,000 in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

River Street Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 590 shares of the company’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LPL Financial LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 10.9% during the second quarter. LPL Financial LLC now owns 1,757,832 shares of the company’s stock worth $89,201,000 after buying an additional 172,347 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 4.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock valued at $88,517,000 after purchasing an additional 67,868 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 28.8% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock valued at $58,594,000 after purchasing an additional 257,415 shares during the last quarter. Salomon & Ludwin LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after purchasing an additional 830,218 shares during the last quarter. Finally, FSM Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 676.0% in the 3rd quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock valued at $30,243,000 after purchasing an additional 517,187 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of JMST stock traded up $0.05 during midday trading on Friday, hitting $50.82. The company had a trading volume of 532,208 shares. The stock has a 50-day simple moving average of $50.82 and a 200 day simple moving average of $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.