CWA Asset Management Group LLC Purchases New Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

CWA Asset Management Group LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the third quarter, Holdings Channel.com reports. The firm purchased 390,863 shares of the company’s stock, valued at approximately $19,911,000. JPMorgan Ultra-Short Municipal ETF accounts for about 1.1% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. IMS Capital Management raised its stake in JPMorgan Ultra-Short Municipal ETF by 3.9% during the first quarter. IMS Capital Management now owns 5,350 shares of the company’s stock valued at $271,000 after buying an additional 200 shares in the last quarter. Guardian Asset Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.2% in the 2nd quarter. Guardian Asset Advisors LLC now owns 4,452 shares of the company’s stock worth $226,000 after purchasing an additional 221 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% during the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after acquiring an additional 238 shares during the period. HTLF Bank grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% during the second quarter. HTLF Bank now owns 7,909 shares of the company’s stock worth $401,000 after acquiring an additional 243 shares during the last quarter. Finally, PFG Advisors grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.8% during the first quarter. PFG Advisors now owns 6,993 shares of the company’s stock worth $355,000 after acquiring an additional 258 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.77 on Friday. The business’s 50 day moving average price is $50.83 and its 200-day moving average price is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.1451 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change 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.