Valmark Advisers Inc. Purchases 9,579 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Valmark Advisers Inc. lifted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 97.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,441 shares of the company’s stock after buying an additional 9,579 shares during the period. Valmark Advisers Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JMST. Kuhn & Co Investment Counsel boosted its stake in JPMorgan Ultra-Short Municipal ETF by 17.5% during the fourth quarter. Kuhn & Co Investment Counsel now owns 12,554 shares of the company’s stock worth $637,000 after acquiring an additional 1,868 shares in the last quarter. Salomon & Ludwin LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 0.8% during the 4th quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock worth $52,106,000 after purchasing an additional 7,925 shares in the last quarter. Blue Trust Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth about $82,000. Aries Wealth Management boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 11.5% in the fourth quarter. Aries Wealth Management now owns 6,300 shares of the company’s stock worth $319,000 after acquiring an additional 650 shares in the last quarter. Finally, Diversified Portfolios Inc. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 105.9% in the fourth quarter. Diversified Portfolios Inc. now owns 136,348 shares of the company’s stock worth $6,914,000 after acquiring an additional 70,142 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of JMST opened at $50.82 on Tuesday. The stock has a 50-day moving average price of $50.79 and a two-hundred day moving average price of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

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.