JPMorgan Ultra-Short Municipal ETF $JMST Shares Purchased by NorthRock Partners LLC

NorthRock Partners LLC boosted its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,036,537 shares of the company’s stock after buying an additional 132,251 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up approximately 1.0% of NorthRock Partners LLC’s investment portfolio, making the stock its 19th largest holding. NorthRock Partners LLC owned 1.30% of JPMorgan Ultra-Short Municipal ETF worth $52,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HB Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 173.7% during the 3rd quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock valued at $88,458,000 after acquiring an additional 1,099,860 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 14.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,612,505 shares of the company’s stock worth $183,949,000 after acquiring an additional 464,869 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 36.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,471 shares of the company’s stock worth $54,514,000 after acquiring an additional 287,650 shares during the period. AlphaCore Capital LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 126.2% in the second quarter. AlphaCore Capital LLC now owns 498,744 shares of the company’s stock worth $25,396,000 after acquiring an additional 278,288 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 8.5% during the second quarter. Bank of America Corp DE now owns 3,326,397 shares of the company’s stock worth $169,380,000 after purchasing an additional 259,552 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS JMST opened at $51.02 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $51.13. The company has a fifty day moving average of $51.06 and a 200 day moving average of $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1157 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

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.