Narus Financial Partners LLC Sells 43,812 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Narus Financial Partners LLC lessened its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 81.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,877 shares of the company’s stock after selling 43,812 shares during the period. Narus Financial Partners LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JMST. Rice Partnership LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $43,000. Financial Network Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $54,000 after acquiring an additional 1,013 shares in the last quarter. US Bancorp DE lifted its position in JPMorgan Ultra-Short Municipal ETF by 130.6% in the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after acquiring an additional 653 shares in the last quarter. Triumph Capital Management purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $96,000. Finally, GGM Financials LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth $100,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

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

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

JPMorgan Ultra-Short Municipal ETF 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.