Elequin Capital LP Buys 159,197 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Elequin Capital LP lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 180.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,201 shares of the company’s stock after purchasing an additional 159,197 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises 0.7% of Elequin Capital LP’s investment portfolio, making the stock its 8th biggest position. Elequin Capital LP owned about 0.31% of JPMorgan Ultra-Short Municipal ETF worth $12,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of JMST. Rice Partnership LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $43,000. Financial Network Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after buying 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% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after acquiring an additional 653 shares during the last quarter. GGM Financials LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $100,000. Finally, West Paces Advisors Inc. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 148.8% in the third quarter. West Paces Advisors Inc. now owns 2,650 shares of the company’s stock valued at $135,000 after acquiring an additional 1,585 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $51.02 on Friday. The business’s 50 day moving average price is $51.06 and its 200-day moving average price is $51.00. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1157 dividend. This represents a c) dividend on an annualized basis and a 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.