Shum Financial Group Inc. Invests $938,000 in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Posted by Oscar Bower on Nov 26th, 2024

Shum Financial Group Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 18,519 shares of the company’s stock, valued at approximately $938,000.

Other institutional investors have also recently made changes to their positions in the company. River Street Advisors LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at approximately $30,000. Chris Bulman Inc bought a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $35,000. Financial Perspectives Inc bought a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $40,000. Larson Financial Group LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $50,000. Finally, MidAtlantic Capital Management Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at approximately $80,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0 %

JMST stock traded up $0.01 on Tuesday, reaching $50.85. 283,483 shares of the company traded hands. The firm’s 50 day simple moving average is $50.82 and its two-hundred day simple moving average is $50.78.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

About JPMorgan Ultra-Short Municipal ETF

(Free Report)

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.