Flow Traders U.S. LLC Purchases New Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Flow Traders U.S. LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the third quarter, Holdings Channel reports. The firm purchased 56,471 shares of the company’s stock, valued at approximately $2,882,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rice Partnership LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $43,000. Financial Network Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after purchasing an additional 1,013 shares during the period. US Bancorp DE increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after purchasing an additional 653 shares during the period. GGM Financials LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $100,000. Finally, West Paces Advisors Inc. raised its stake in 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 purchasing an additional 1,585 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

JMST opened at $51.04 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13. The company has a 50-day simple moving average of $51.06 and a 200 day simple moving average of $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.1157 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.7%. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

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.