Axxcess Wealth Management LLC Raises Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Axxcess Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 55,540 shares of the company’s stock after purchasing an additional 1,832 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,818,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Macroview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth $30,000. LWM Advisory Services LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $38,000. CVA Family Office LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $75,000. Tyler Stone Wealth Management lifted its position in JPMorgan Ultra-Short Municipal ETF by 33.3% during the 3rd quarter. Tyler Stone Wealth Management now owns 3,200 shares of the company’s stock worth $161,000 after acquiring an additional 800 shares in the last quarter. Finally, West Paces Advisors Inc. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 16.4% in the 4th quarter. West Paces Advisors Inc. now owns 3,510 shares of the company’s stock worth $178,000 after acquiring an additional 495 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

BATS:JMST traded up $0.03 during trading hours on Friday, hitting $50.61. The stock had a trading volume of 218,088 shares. The firm has a fifty day simple moving average of $50.68 and a 200 day simple moving average of $50.67.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1399 per share. 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.