JPMorgan Ultra-Short Municipal ETF $JMST Shares Purchased by McNamara Financial Services Inc.

McNamara Financial Services Inc. boosted its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 11.8% in the 4th quarter, HoldingsChannel reports. The firm owned 160,095 shares of the company’s stock after purchasing an additional 16,925 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up about 1.5% of McNamara Financial Services Inc.’s holdings, making the stock its 11th largest holding. McNamara Financial Services Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $8,155,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 54.0% in the 4th quarter. Woodmont Investment Counsel LLC now owns 16,521 shares of the company’s stock valued at $842,000 after purchasing an additional 5,790 shares during the last quarter. Paladin Advisory Group LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 7.2% in the 4th quarter. Paladin Advisory Group LLC now owns 36,697 shares of the company’s stock valued at $1,869,000 after purchasing an additional 2,470 shares during the last quarter. ProCore Advisors LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $296,000. CCG Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.3% during the 4th quarter. CCG Wealth Management LLC now owns 54,488 shares of the company’s stock valued at $2,776,000 after acquiring an additional 1,206 shares during the last quarter. Finally, WealthBridge Capital Management LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% during the 4th quarter. WealthBridge Capital Management LLC now owns 30,444 shares of the company’s stock valued at $1,551,000 after acquiring an additional 550 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

BATS JMST opened at $50.89 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $51.13. The company has a 50-day moving average of $51.02 and a 200-day moving average of $50.99.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced 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 represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

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.