Tradewinds LLC. Purchases Shares of 11,600 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Tradewinds LLC. acquired a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,600 shares of the company’s stock, valued at approximately $589,000.

Several other hedge funds and other institutional investors have also modified their holdings of JMST. Townsquare Capital LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 29.3% during the third quarter. Townsquare Capital LLC now owns 9,815 shares of the company’s stock valued at $500,000 after buying an additional 2,227 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $479,000. Beacon Investment Advisory Services Inc. boosted its position in JPMorgan Ultra-Short Municipal ETF by 39.9% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 103,898 shares of the company’s stock worth $5,293,000 after purchasing an additional 29,637 shares during the period. IHT Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 76.6% in the 3rd quarter. IHT Wealth Management LLC now owns 17,392 shares of the company’s stock valued at $885,000 after purchasing an additional 7,544 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in JPMorgan Ultra-Short Municipal ETF by 41.4% in the 3rd quarter. Stifel Financial Corp now owns 174,776 shares of the company’s stock valued at $8,903,000 after purchasing an additional 51,148 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.86 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.53 and a 12 month high of $50.98. The stock’s 50-day moving average is $50.83 and its two-hundred day moving average is $50.81.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1277 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12.

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.