Opal Wealth Advisors LLC Has $8.40 Million Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Opal Wealth Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,807 shares of the company’s stock after acquiring an additional 14,460 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for 2.6% of Opal Wealth Advisors LLC’s portfolio, making the stock its 9th biggest holding. Opal Wealth Advisors LLC owned about 0.32% of JPMorgan Ultra-Short Municipal ETF worth $8,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JMST. Annex Advisory Services LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $21,711,000. Cambridge Investment Research Advisors Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 325.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 395,478 shares of the company’s stock worth $20,069,000 after acquiring an additional 302,492 shares during the period. LPL Financial LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 10.9% during the 2nd quarter. LPL Financial LLC now owns 1,757,832 shares of the company’s stock worth $89,201,000 after purchasing an additional 172,347 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 22.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 892,834 shares of the company’s stock worth $45,307,000 after buying an additional 163,699 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 400.5% in the 2nd quarter. NewEdge Advisors LLC now owns 201,965 shares of the company’s stock valued at $10,249,000 after purchasing an additional 161,613 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.82 on Wednesday. The business’s 50-day moving average price is $50.86 and its 200-day moving average price is $50.75.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a $0.1451 dividend. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Tuesday, September 3rd.

JPMorgan Ultra-Short Municipal ETF Company 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.