Fiduciary Trust Co Reduces Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Fiduciary Trust Co cut its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 20.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 977,349 shares of the company’s stock after selling 254,197 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises approximately 0.7% of Fiduciary Trust Co’s holdings, making the stock its 28th largest position. Fiduciary Trust Co owned approximately 1.89% of JPMorgan Ultra-Short Municipal ETF worth $49,786,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JMST. International Assets Investment Management LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 7,537.1% in the 3rd quarter. International Assets Investment Management LLC now owns 123,416 shares of the company’s stock worth $6,287,000 after purchasing an additional 121,800 shares during the period. Private Advisor Group LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% in the third quarter. Private Advisor Group LLC now owns 78,482 shares of the company’s stock worth $3,998,000 after buying an additional 1,434 shares during the period. Raymond James & Associates lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.3% during the 2nd quarter. Raymond James & Associates now owns 187,169 shares of the company’s stock valued at $9,498,000 after buying an additional 6,055 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% during the 2nd quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after buying an additional 238 shares in the last quarter. Finally, Krilogy Financial LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $518,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

BATS JMST opened at $50.89 on Thursday. The business’s 50 day moving average price is $50.82 and its 200 day moving average price is $50.79.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were given 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 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.