67,774 Shares in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Bought by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 67,774 shares of the company’s stock, valued at approximately $3,452,000. JPMorgan Ultra-Short Municipal ETF comprises approximately 0.9% of Evernest Financial Advisors LLC’s holdings, making the stock its 22nd largest holding.

Several other hedge funds have also made changes to their positions in the business. Annex Advisory Services LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $21,711,000. Cambridge Investment Research Advisors Inc. raised its stake in JPMorgan Ultra-Short Municipal ETF by 325.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 395,478 shares of the company’s stock valued at $20,069,000 after purchasing an additional 302,492 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 28.8% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock valued at $58,594,000 after purchasing an additional 257,415 shares in the last quarter. LPL Financial LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 10.9% during the 2nd quarter. LPL Financial LLC now owns 1,757,832 shares of the company’s stock worth $89,201,000 after purchasing an additional 172,347 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 400.5% during the second quarter. NewEdge Advisors LLC now owns 201,965 shares of the company’s stock worth $10,249,000 after acquiring an additional 161,613 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST stock opened at $50.83 on Tuesday. The business’s 50-day simple moving average is $50.87 and its two-hundred day simple moving average is $50.76.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.