Goelzer Investment Management Inc. Decreases Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Goelzer Investment Management Inc. lowered its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 32.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 81,769 shares of the company’s stock after selling 40,175 shares during the quarter. Goelzer Investment Management Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,165,000 as of its most recent filing with the SEC.

A number of other large 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 worth $705,000 after acquiring an additional 200 shares during the period. Cahaba Wealth Management Inc. grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 4.2% in the fourth quarter. Cahaba Wealth Management Inc. now owns 6,137 shares of the company’s stock valued at $313,000 after purchasing an additional 245 shares during the period. Intergy Private Wealth LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.6% during the third quarter. Intergy Private Wealth LLC now owns 16,223 shares of the company’s stock worth $828,000 after purchasing an additional 260 shares in the last quarter. Total Clarity Wealth Management Inc. increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 7,335 shares of the company’s stock worth $374,000 after purchasing an additional 264 shares in the last quarter. Finally, IFG Advisory LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.0% during the 3rd quarter. IFG Advisory LLC now owns 9,152 shares of the company’s stock worth $467,000 after purchasing an additional 267 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.96 on Friday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13. The firm’s 50-day moving average price is $51.05 and its 200 day moving average price is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1157 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase 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%.

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.