Mills Wealth Advisors LLC Sells 3,647 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Mills Wealth Advisors LLC reduced its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 1.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 296,905 shares of the company’s stock after selling 3,647 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up approximately 10.4% of Mills Wealth Advisors LLC’s holdings, making the stock its 2nd largest holding. Mills Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $15,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in JMST. Annex Advisory Services LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $21,711,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 325.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 395,478 shares of the company’s stock valued at $20,069,000 after purchasing an additional 302,492 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 28.8% in the third quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock valued at $58,594,000 after purchasing an additional 257,415 shares during the period. LPL Financial LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 10.9% in the second quarter. LPL Financial LLC now owns 1,757,832 shares of the company’s stock valued at $89,201,000 after purchasing an additional 172,347 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 400.5% in the second quarter. NewEdge Advisors LLC now owns 201,965 shares of the company’s stock valued at $10,249,000 after purchasing an additional 161,613 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock traded up $0.02 during mid-day trading on Monday, reaching $50.82. The stock had a trading volume of 241,775 shares. The business has a fifty day moving average of $50.87 and a two-hundred day moving average of $50.75.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a $0.1451 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.