Stewardship Advisors LLC Decreases Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Stewardship Advisors LLC decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,579 shares of the company’s stock after selling 17,777 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for 1.1% of Stewardship Advisors LLC’s portfolio, making the stock its 24th largest position. Stewardship Advisors LLC owned about 0.11% of JPMorgan Ultra-Short Municipal ETF worth $4,563,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dakota Wealth Management grew its position in JPMorgan Ultra-Short Municipal ETF by 1.5% during the third quarter. Dakota Wealth Management now owns 13,815 shares of the company’s stock valued at $705,000 after acquiring an additional 200 shares during the last quarter. Cahaba Wealth Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 4.2% in the 4th quarter. Cahaba Wealth Management Inc. now owns 6,137 shares of the company’s stock valued at $313,000 after purchasing an additional 245 shares in the last quarter. Intergy Private Wealth LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.6% in the 3rd quarter. Intergy Private Wealth LLC now owns 16,223 shares of the company’s stock valued at $828,000 after purchasing an additional 260 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its position in JPMorgan Ultra-Short Municipal ETF by 3.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 7,335 shares of the company’s stock valued at $374,000 after buying an additional 264 shares during the period. Finally, IFG Advisory LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 3.0% during the 3rd quarter. IFG Advisory LLC now owns 9,152 shares of the company’s stock worth $467,000 after acquiring an additional 267 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.97 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high of $51.13. The company’s 50 day moving average price is $51.05 and its 200-day moving average price is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.