JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Sold by Clear Point Advisors Inc.

Clear Point Advisors Inc. lowered its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,296 shares of the company’s stock after selling 404 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 1.4% of Clear Point Advisors Inc.’s investment portfolio, making the stock its 17th biggest holding. Clear Point Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 9.5% during the third quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock worth $98,095,000 after acquiring an additional 167,861 shares during the last quarter. Resonant Capital Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 1.9% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock worth $59,512,000 after acquiring an additional 21,351 shares during the last quarter. Salomon & Ludwin LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 0.8% during the fourth quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock worth $52,106,000 after acquiring an additional 7,925 shares during the last quarter. JPMorgan Chase & Co. raised its position in JPMorgan Ultra-Short Municipal ETF by 8.9% during the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after acquiring an additional 70,821 shares during the last quarter. Finally, FSM Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 676.0% during the third 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 last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of JMST opened at $50.82 on Wednesday. The business’s 50-day simple moving average is $50.79 and its 200-day simple moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.1208 dividend. 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.