Salomon & Ludwin LLC Has $51.94 Million Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Salomon & Ludwin LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 438.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,019,611 shares of the company’s stock after acquiring an additional 830,218 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 5.3% of Salomon & Ludwin LLC’s investment portfolio, making the stock its 3rd biggest holding. Salomon & Ludwin LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $51,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.3% during the 2nd quarter. Raymond James & Associates now owns 187,169 shares of the company’s stock worth $9,498,000 after purchasing an additional 6,055 shares in the last quarter. Harbour Investments Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF by 2.2% in the 2nd quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after buying an additional 238 shares during the period. Krilogy Financial LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $518,000. Choreo LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth $225,000. Finally, Kooman & Associates lifted its position in JPMorgan Ultra-Short Municipal ETF by 6.0% during the 2nd quarter. Kooman & Associates now owns 33,644 shares of the company’s stock worth $1,707,000 after buying an additional 1,918 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.81 on Monday. The company has a 50 day moving average price of $50.86 and a two-hundred day moving average price of $50.76.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.1451 dividend. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Tuesday, September 3rd.

JPMorgan Ultra-Short Municipal ETF Company 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.