Transce3nd LLC Lowers Stake in JPMorgan Ultra-Short Municipal ETF $JMST

Transce3nd LLC reduced its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 94.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,095 shares of the company’s stock after selling 75,466 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up 1.6% of Transce3nd LLC’s investment portfolio, making the stock its 16th biggest position. Transce3nd LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $207,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dakota Wealth Management raised its position in JPMorgan Ultra-Short Municipal ETF by 1.5% during the third quarter. Dakota Wealth Management now owns 13,815 shares of the company’s stock valued at $705,000 after purchasing an additional 200 shares in the last quarter. Intergy Private Wealth LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.6% during the 3rd quarter. Intergy Private Wealth LLC now owns 16,223 shares of the company’s stock valued at $828,000 after purchasing an additional 260 shares during the last quarter. Total Clarity Wealth Management Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 7,335 shares of the company’s stock valued at $374,000 after purchasing an additional 264 shares during the last quarter. McCarthy & Cox raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 3.1% during the 3rd quarter. McCarthy & Cox now owns 9,320 shares of the company’s stock valued at $476,000 after buying an additional 276 shares in the last quarter. Finally, Weaver Consulting Group lifted its position in JPMorgan Ultra-Short Municipal ETF by 5.4% in the 3rd quarter. Weaver Consulting Group now owns 5,900 shares of the company’s stock worth $301,000 after buying an additional 300 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1%

Shares of JMST opened at $51.13 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $51.13. The stock has a 50 day simple moving average of $51.05 and a two-hundred day simple moving average of $51.00.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

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.