Confluence Wealth Services Inc. Lowers Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Confluence Wealth Services Inc. lowered its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 64.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,900 shares of the company’s stock after selling 14,200 shares during the period. Confluence Wealth Services Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principle Wealth Partners LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 3,612.4% during the 4th quarter. Principle Wealth Partners LLC now owns 364,597 shares of the company’s stock valued at $18,500,000 after purchasing an additional 354,776 shares in the last quarter. Asio Capital LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $16,121,000. CWM LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 75.7% during the fourth quarter. CWM LLC now owns 667,926 shares of the company’s stock worth $33,891,000 after purchasing an additional 287,684 shares in the last quarter. LPL Financial LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.6% in the third quarter. LPL Financial LLC now owns 1,562,506 shares of the company’s stock worth $78,828,000 after purchasing an additional 266,857 shares during the last quarter. Finally, Fiduciary Trust Co grew its stake in JPMorgan Ultra-Short Municipal ETF by 18.9% in the 4th quarter. Fiduciary Trust Co now owns 1,456,283 shares of the company’s stock worth $73,892,000 after buying an additional 231,636 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock traded down $0.01 on Tuesday, hitting $50.69. 248,457 shares of the company traded hands. The company’s 50-day simple moving average is $50.69 and its 200-day simple moving average is $50.67.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a $0.1399 dividend. The ex-dividend date was Monday, April 1st.

JPMorgan Ultra-Short Municipal ETF Company 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.