LPL Financial LLC Buys 402,646 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

LPL Financial LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,328,339 shares of the company’s stock after purchasing an additional 402,646 shares during the quarter. LPL Financial LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $118,070,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. John W. Brooker & Co. CPAs lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% in the fourth quarter. John W. Brooker & Co. CPAs now owns 27,303 shares of the company’s stock valued at $1,385,000 after buying an additional 267 shares during the period. IFP Advisors Inc lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 0.7% in the 4th quarter. IFP Advisors Inc now owns 43,456 shares of the company’s stock worth $2,204,000 after acquiring an additional 282 shares during the period. Meridian Financial LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 6.9% during the 4th quarter. Meridian Financial LLC now owns 5,022 shares of the company’s stock worth $255,000 after purchasing an additional 322 shares in the last quarter. Gradient Capital Advisors LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.3% during the fourth quarter. Gradient Capital Advisors LLC now owns 8,127 shares of the company’s stock valued at $412,000 after purchasing an additional 333 shares during the period. Finally, Weaver Consulting Group raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 9.3% in the fourth quarter. Weaver Consulting Group now owns 5,650 shares of the company’s stock valued at $287,000 after purchasing an additional 480 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.2 %

Shares of JMST stock opened at $50.85 on Tuesday. The stock has a fifty day moving average price of $50.82 and a 200 day moving average price of $50.81. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.53 and a one year high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1277 per share. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date was Monday, March 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.