Park Avenue Securities LLC Purchases New Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Park Avenue Securities LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, Holdings Channel reports. The firm purchased 23,467 shares of the company’s stock, valued at approximately $1,195,000.

Several other institutional investors have also recently bought and sold shares of JMST. Rice Partnership LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at about $43,000. Financial Network Wealth Advisors LLC increased 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 worth $54,000 after acquiring an additional 1,013 shares in the last quarter. US Bancorp DE raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% in the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after acquiring an additional 653 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $96,000. Finally, GGM Financials LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $100,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1%

Shares of BATS JMST opened at $50.98 on Thursday. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week high of $51.13. The firm’s 50-day simple moving average is $51.05 and its 200 day simple moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.1157 dividend. This is a boost 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.