Salomon & Ludwin LLC Grows Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Salomon & Ludwin LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.8% in the fourth quarter, HoldingsChannel reports. The fund owned 1,027,536 shares of the company’s stock after purchasing an additional 7,925 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up 5.5% of Salomon & Ludwin LLC’s holdings, making the stock its 3rd largest holding. Salomon & Ludwin LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $52,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. River Street Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $60,000. MidAtlantic Capital Management Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $80,000. Blue Trust Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $82,000. Finally, Key Financial Inc lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 65.6% in the third quarter. Key Financial Inc now owns 2,116 shares of the company’s stock worth $108,000 after purchasing an additional 838 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.82 on Friday. The stock has a 50 day moving average price of $50.79 and a 200 day moving average price of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a $0.1208 dividend. The ex-dividend date of this dividend was Monday, February 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.