Citizens Financial Group Inc. RI Invests $239,000 in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Citizens Financial Group Inc. RI acquired a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,697 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC increased its holdings 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 period. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan Ultra-Short Municipal ETF by 4.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock valued at $88,517,000 after acquiring an additional 67,868 shares during the period. Resonant Capital Advisors LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 28.8% during the third quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock valued at $58,594,000 after acquiring an additional 257,415 shares during the period. Salomon & Ludwin LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 438.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after acquiring an additional 830,218 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 676.0% in the 3rd quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after acquiring an additional 517,187 shares during the period.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0 %

Shares of BATS:JMST opened at $50.84 on Friday. The stock’s fifty day moving average price is $50.82 and its 200 day moving average price is $50.78.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.1451 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.