Appleton Partners Inc. MA Cuts Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Appleton Partners Inc. MA lowered its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181,911 shares of the company’s stock after selling 355 shares during the period. Appleton Partners Inc. MA’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $9,230,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JMST. Principle Wealth Partners LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3,612.4% in the 4th quarter. Principle Wealth Partners LLC now owns 364,597 shares of the company’s stock worth $18,500,000 after buying an additional 354,776 shares during the last quarter. Asio Capital LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at approximately $16,121,000. CWM LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 75.7% in the 4th quarter. CWM LLC now owns 667,926 shares of the company’s stock valued at $33,891,000 after acquiring an additional 287,684 shares in the last quarter. LPL Financial LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 20.6% in the 3rd quarter. LPL Financial LLC now owns 1,562,506 shares of the company’s stock valued at $78,828,000 after acquiring an additional 266,857 shares in the last quarter. Finally, Fiduciary Trust Co lifted its position in JPMorgan Ultra-Short Municipal ETF by 18.9% in the 4th quarter. Fiduciary Trust Co now owns 1,456,283 shares of the company’s stock valued at $73,892,000 after acquiring an additional 231,636 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

JMST stock traded up $0.02 during midday trading on Tuesday, hitting $50.70. The company’s stock had a trading volume of 316,498 shares. The business has a 50 day simple moving average of $50.65 and a 200-day simple moving average of $50.70.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, June 3rd were given a $0.1445 dividend. The ex-dividend date was Monday, June 3rd. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.