JPMorgan Ultra-Short Municipal ETF $JMST Shares Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. lifted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 656,953 shares of the company’s stock after acquiring an additional 37,145 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for approximately 2.3% of Bridgewater Advisors Inc.’s portfolio, making the stock its 12th biggest position. Bridgewater Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $33,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc. RI increased its position in JPMorgan Ultra-Short Municipal ETF by 2,677.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 136,156 shares of the company’s stock worth $6,949,000 after purchasing an additional 131,254 shares during the period. Cooper Financial Group lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 22.2% in the 3rd quarter. Cooper Financial Group now owns 158,260 shares of the company’s stock valued at $8,078,000 after buying an additional 28,746 shares during the period. Boothe Investment Group Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 11.5% in the third quarter. Boothe Investment Group Inc. now owns 257,352 shares of the company’s stock valued at $13,135,000 after buying an additional 26,528 shares in the last quarter. Forvis Mazars Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 410.1% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 23,079 shares of the company’s stock worth $1,178,000 after acquiring an additional 18,555 shares during the period. Finally, Ashton Thomas Securities LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 200.5% during the third quarter. Ashton Thomas Securities LLC now owns 55,310 shares of the company’s stock worth $2,823,000 after acquiring an additional 36,905 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $51.09 on Friday. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year high of $51.13. The business has a fifty day moving average of $51.04 and a two-hundred day moving average of $50.99.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.097 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.3%.

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.