Savvy Advisors Inc. Boosts Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Savvy Advisors Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 32.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,186 shares of the company’s stock after acquiring an additional 23,039 shares during the period. Savvy Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in JMST. Legacy Investment Solutions LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth about $26,000. Creative Financial Designs Inc. ADV raised its position in JPMorgan Ultra-Short Municipal ETF by 414.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock worth $26,000 after purchasing an additional 414 shares during the period. Atlantic Union Bankshares Corp bought a new stake in JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $42,000. Briaud Financial Planning Inc bought a new stake in JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $45,000. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $54,000 after buying an additional 1,013 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $51.08 on Thursday. The stock’s 50 day moving average price is $51.01 and its 200-day moving average price is $50.98. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year high of $51.13.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.097 dividend. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.