SkyOak Wealth LLC Sells 3,708 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

SkyOak Wealth LLC reduced its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,528 shares of the company’s stock after selling 3,708 shares during the quarter. SkyOak Wealth LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JMST. Morningstar Investment Services LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 153.0% in the 4th quarter. Morningstar Investment Services LLC now owns 145,210 shares of the company’s stock valued at $7,359,000 after acquiring an additional 87,817 shares during the period. Corient Private Wealth LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.8% in the fourth quarter. Corient Private Wealth LLC now owns 494,775 shares of the company’s stock valued at $25,105,000 after purchasing an additional 18,051 shares during the period. UBS Group AG lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 14.0% during the 4th quarter. UBS Group AG now owns 778,850 shares of the company’s stock worth $39,519,000 after buying an additional 95,378 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 16.4% during the 4th quarter. Franklin Resources Inc. now owns 153,287 shares of the company’s stock worth $7,778,000 after buying an additional 21,635 shares during the period. Finally, Harbor Group Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 27.7% in the 1st quarter. Harbor Group Inc. now owns 5,062 shares of the company’s stock valued at $257,000 after buying an additional 1,097 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST stock opened at $50.87 on Wednesday. The stock’s 50-day moving average is $50.84 and its 200 day moving average is $50.73.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a $0.1451 dividend. The ex-dividend date of this dividend was Tuesday, September 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.