Parsons Capital Management Inc. RI Buys 34,724 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Parsons Capital Management Inc. RI boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 135.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 60,435 shares of the company’s stock after purchasing an additional 34,724 shares during the period. Parsons Capital Management Inc. RI’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,079,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. HB Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 173.7% in the third quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock worth $88,458,000 after acquiring an additional 1,099,860 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 14.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,612,505 shares of the company’s stock valued at $183,949,000 after acquiring an additional 464,869 shares in the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% in the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after purchasing an additional 460,157 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 36.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,471 shares of the company’s stock worth $54,514,000 after purchasing an additional 287,650 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in JPMorgan Ultra-Short Municipal ETF by 26.9% in the 3rd quarter. Raymond James Financial Inc. now owns 906,585 shares of the company’s stock worth $46,272,000 after purchasing an additional 192,119 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.0%

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.96 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $51.13. The firm’s 50-day moving average is $51.05 and its 200 day moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.