Cozad Asset Management Inc. Takes $903,000 Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Cozad Asset Management Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,813 shares of the company’s stock, valued at approximately $903,000.

Several other large investors also recently bought and sold shares of JMST. LPL Financial LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% in the third quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after purchasing an additional 167,861 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 1.9% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock valued at $59,512,000 after buying an additional 21,351 shares in the last quarter. Salomon & Ludwin LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 0.8% in the 4th quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock worth $52,106,000 after acquiring an additional 7,925 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after acquiring an additional 70,821 shares during the period. Finally, Bailard Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $43,522,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.83 on Tuesday. The company has a 50-day moving average price of $50.81 and a 200 day moving average price of $50.82. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.53 and a 12-month high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.1277 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.