SVB Wealth LLC Takes Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

SVB Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 72,446 shares of the company’s stock, valued at approximately $3,674,000. SVB Wealth LLC owned 0.14% of JPMorgan Ultra-Short Municipal ETF as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. River Street Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $60,000. MidAtlantic Capital Management Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $80,000. Blue Trust Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $82,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $99,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.92 on Friday. The business’s 50-day simple moving average is $50.81 and its 200 day simple moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.1277 per share. The ex-dividend date is Monday, March 3rd. This is a positive change 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.