Ergawealth Advisors Inc. Trims Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Ergawealth Advisors Inc. decreased its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,028 shares of the company’s stock after selling 950 shares during the quarter. Ergawealth Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $306,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in JMST. Moneta Group Investment Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth $1,023,233,000. CI Private Wealth LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth about $32,032,000. Jane Street Group LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 373.4% in the first quarter. Jane Street Group LLC now owns 727,926 shares of the company’s stock worth $36,971,000 after buying an additional 574,170 shares during the period. Cerity Partners LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 137.8% during the 4th quarter. Cerity Partners LLC now owns 765,360 shares of the company’s stock valued at $38,704,000 after buying an additional 443,506 shares in the last quarter. Finally, Slow Capital Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF by 173.1% in the 3rd quarter. Slow Capital Inc. now owns 561,014 shares of the company’s stock worth $28,303,000 after acquiring an additional 355,573 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS:JMST traded down $0.01 during trading hours on Tuesday, hitting $50.60. 368,490 shares of the stock traded hands. The firm has a 50-day moving average of $50.70 and a 200 day moving average of $50.64.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were paid a $0.1399 dividend. The ex-dividend date was Monday, April 1st.

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.