Park Avenue Securities LLC Raises Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Park Avenue Securities LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 25.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,322 shares of the company’s stock after purchasing an additional 1,503 shares during the period. Park Avenue Securities LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $372,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JMST. Sunflower Bank N.A. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 9.1% during the 1st quarter. Sunflower Bank N.A. now owns 191,282 shares of the company’s stock valued at $9,706,000 after purchasing an additional 15,968 shares during the last quarter. Perennial Advisors LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 17.7% during the first quarter. Perennial Advisors LLC now owns 69,158 shares of the company’s stock valued at $3,509,000 after buying an additional 10,387 shares during the period. BKA Wealth Consulting Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the first quarter valued at approximately $444,000. GAMMA Investing LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the first quarter worth approximately $50,000. Finally, Cooksen Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth $51,000.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.0 %

BATS:JMST opened at $50.75 on Monday. The business has a 50 day moving average of $50.67 and a two-hundred day moving average of $50.70.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st will be given a $0.1405 dividend. The ex-dividend date is Monday, July 1st.

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.