Avantax Advisory Services Inc. Has $1.90 Million Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Avantax Advisory Services Inc. decreased its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,498 shares of the company’s stock after selling 2,160 shares during the quarter. Avantax Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,902,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JMST. Assetmark Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 591.3% in the 4th quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock valued at $56,000 after buying an additional 946 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $60,000. MidAtlantic Capital Management Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $80,000. Blue Trust Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $82,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $99,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of JMST opened at $50.83 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.53 and a 52-week high of $50.97. The business’s fifty day moving average is $50.81 and its 200-day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a $0.1277 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.