JPMorgan Ultra-Short Municipal ETF $JMST Stake Trimmed by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lessened its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,382 shares of the company’s stock after selling 23,440 shares during the period. Orion Porfolio Solutions LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,481,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Dakota Wealth Management increased its stake in JPMorgan Ultra-Short Municipal ETF by 1.5% in the 3rd quarter. Dakota Wealth Management now owns 13,815 shares of the company’s stock valued at $705,000 after buying an additional 200 shares during the period. Intergy Private Wealth LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 1.6% in the 3rd quarter. Intergy Private Wealth LLC now owns 16,223 shares of the company’s stock worth $828,000 after buying an additional 260 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 7,335 shares of the company’s stock valued at $374,000 after buying an additional 264 shares during the period. IFG Advisory LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.0% during the 3rd quarter. IFG Advisory LLC now owns 9,152 shares of the company’s stock valued at $467,000 after buying an additional 267 shares during the period. Finally, McCarthy & Cox grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 3.1% during the 3rd quarter. McCarthy & Cox now owns 9,320 shares of the company’s stock valued at $476,000 after acquiring an additional 276 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

BATS JMST opened at $51.02 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year high of $51.13. The firm’s fifty day simple moving average is $51.05 and its 200-day simple moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.