CWA Asset Management Group LLC Has $22.46 Million Stake in JPMorgan Ultra-Short Municipal ETF $JMST

CWA Asset Management Group LLC lowered its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 440,879 shares of the company’s stock after selling 84,511 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up 0.8% of CWA Asset Management Group LLC’s portfolio, making the stock its 23rd biggest position. CWA Asset Management Group LLC owned approximately 0.55% of JPMorgan Ultra-Short Municipal ETF worth $22,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% in the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after acquiring an additional 460,157 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan Ultra-Short Municipal ETF by 4.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,780,629 shares of the company’s stock valued at $192,963,000 after purchasing an additional 168,124 shares during the period. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 173.7% in the third quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock valued at $88,458,000 after purchasing an additional 1,099,860 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 10.0% in the third quarter. Resonant Capital Advisors LLC now owns 1,420,403 shares of the company’s stock valued at $72,497,000 after purchasing an additional 128,706 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in JPMorgan Ultra-Short Municipal ETF by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 1,200,503 shares of the company’s stock valued at $61,274,000 after purchasing an additional 188,546 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.98 on Friday. The company’s fifty day moving average is $51.06 and its 200-day moving average is $51.00. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month 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. Investors of record on Monday, March 2nd were given a $0.1157 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. 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.