Wealth Enhancement Advisory Services LLC Has $4.05 Million Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Wealth Enhancement Advisory Services LLC trimmed its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 25.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 79,842 shares of the company’s stock after selling 27,661 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiduciary Trust Co lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 18.9% during the 4th quarter. Fiduciary Trust Co now owns 1,456,283 shares of the company’s stock valued at $73,892,000 after purchasing an additional 231,636 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 21.5% during the 4th quarter. Wells Fargo & Company MN now owns 963,543 shares of the company’s stock worth $48,890,000 after buying an additional 170,642 shares during the period. UBS Group AG grew its stake in JPMorgan Ultra-Short Municipal ETF by 14.0% in the 4th quarter. UBS Group AG now owns 778,850 shares of the company’s stock valued at $39,519,000 after buying an additional 95,378 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 3.6% in the 4th quarter. Resonant Capital Advisors LLC now owns 678,912 shares of the company’s stock valued at $34,542,000 after acquiring an additional 23,850 shares during the period. Finally, CWM LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 75.7% in the 4th quarter. CWM LLC now owns 667,926 shares of the company’s stock valued at $33,891,000 after acquiring an additional 287,684 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.62 on Wednesday. The stock’s 50-day moving average price is $50.67 and its 200 day moving average price is $50.70.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

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.