Bristlecone Advisors LLC Sells 466 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Bristlecone Advisors LLC reduced its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,462 shares of the company’s stock after selling 466 shares during the quarter. Bristlecone Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JMST. Salomon & Ludwin LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 438.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock worth $51,939,000 after acquiring an additional 830,218 shares during the last quarter. FSM Wealth Advisors LLC grew its position in 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 purchasing an additional 517,187 shares in the last quarter. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 395.8% in the 4th quarter. HB Wealth Management LLC now owns 580,541 shares of the company’s stock valued at $29,439,000 after buying an additional 463,452 shares during the last quarter. Annex Advisory Services LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $21,711,000. Finally, CWA Asset Management Group LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $19,911,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST stock opened at $50.81 on Monday. The stock has a fifty day simple moving average of $50.79 and a two-hundred day simple moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a dividend of $0.1208 per share. The ex-dividend date was Monday, February 3rd.

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.