Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,744,345 shares of the company’s stock after purchasing an additional 67,868 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $88,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JMST. IMS Capital Management lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.9% in the first quarter. IMS Capital Management now owns 5,350 shares of the company’s stock worth $271,000 after buying an additional 200 shares in the last quarter. YHB Investment Advisors Inc. raised its stake in JPMorgan Ultra-Short Municipal ETF by 0.5% during the first quarter. YHB Investment Advisors Inc. now owns 42,196 shares of the company’s stock valued at $2,141,000 after purchasing an additional 206 shares in the last quarter. Guardian Asset Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 5.2% during the second quarter. Guardian Asset Advisors LLC now owns 4,452 shares of the company’s stock valued at $226,000 after purchasing an additional 221 shares in the last quarter. Harbour Investments Inc. lifted its position in JPMorgan Ultra-Short Municipal ETF by 2.2% during the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after purchasing an additional 238 shares during the last quarter. Finally, HTLF Bank increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% in the 2nd quarter. HTLF Bank now owns 7,909 shares of the company’s stock worth $401,000 after buying an additional 243 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

Shares of JMST stock opened at $50.95 on Friday. The company’s 50-day moving average is $50.87 and its 200 day moving average is $50.74.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.1451 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.