Auxano Advisors LLC Has $14.95 Million Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Auxano Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 38.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 292,811 shares of the company’s stock after buying an additional 81,277 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up about 3.2% of Auxano Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Auxano Advisors LLC owned approximately 0.37% of JPMorgan Ultra-Short Municipal ETF worth $14,945,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Intergy Private Wealth LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 1.6% in the third quarter. Intergy Private Wealth LLC now owns 16,223 shares of the company’s stock worth $828,000 after acquiring an additional 260 shares during the period. McCarthy & Cox raised its holdings in JPMorgan Ultra-Short Municipal ETF by 3.1% in the 3rd quarter. McCarthy & Cox now owns 9,320 shares of the company’s stock worth $476,000 after purchasing an additional 276 shares in the last quarter. Confluence Wealth Services Inc. lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.0% in the 2nd quarter. Confluence Wealth Services Inc. now owns 10,400 shares of the company’s stock worth $530,000 after purchasing an additional 300 shares during the period. Summit Wealth Partners LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 0.9% during the 3rd quarter. Summit Wealth Partners LLC now owns 36,374 shares of the company’s stock valued at $1,857,000 after purchasing an additional 329 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 34,970 shares of the company’s stock valued at $1,781,000 after buying an additional 360 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $51.02 on Wednesday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $50.98. The firm has a 50-day moving average of $51.00 and a 200 day moving average of $50.98.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be paid a $0.097 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, February 2nd.

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.