JPMorgan Ultra-Short Municipal ETF $JMST Stake Boosted by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 413.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 46,903 shares of the company’s stock after purchasing an additional 37,760 shares during the quarter. Sunbelt Securities Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,394,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 7.8% in the third quarter. Captrust Financial Advisors now owns 357,165 shares of the company’s stock worth $18,230,000 after acquiring an additional 25,981 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 94.1% in the 3rd quarter. Advisory Services Network LLC now owns 17,051 shares of the company’s stock valued at $870,000 after acquiring an additional 8,267 shares in the last quarter. San Luis Wealth Advisors LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $2,552,000. Integrated Investment Consultants LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $2,807,000. Finally, Vertex Planning Partners LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 34.6% during the 3rd quarter. Vertex Planning Partners LLC now owns 75,968 shares of the company’s stock worth $3,877,000 after purchasing an additional 19,526 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $51.02 on Thursday. The company’s fifty day moving average is $51.06 and its two-hundred day moving average is $51.00. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.42 and a 12-month high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1157 per share. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 2nd.

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.