JPMorgan Ultra-Short Municipal Income ETF (BATS:JMST) Declares Dividend of $0.14

JPMorgan Ultra-Short Municipal Income ETF (BATS:JMST) announced a dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 2nd will be paid a dividend of 0.1399 per share on Thursday, April 4th. The ex-dividend date is Monday, April 1st.

JPMorgan Ultra-Short Municipal Income ETF Stock Performance

Shares of JMST stock traded up $0.02 on Friday, hitting $50.74. 227,016 shares of the stock were exchanged. The firm has a 50 day moving average price of $50.73 and a 200 day moving average price of $50.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JMST. Advisory Services Network LLC grew its stake in shares of JPMorgan Ultra-Short Municipal Income ETF by 41.4% during the 1st quarter. Advisory Services Network LLC now owns 854 shares of the company’s stock worth $43,000 after acquiring an additional 250 shares during the period. Bessemer Group Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal Income ETF during the 4th quarter worth $81,000. Sunbelt Securities Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal Income ETF during the 1st quarter worth $105,000. Tyler Stone Wealth Management bought a new position in shares of JPMorgan Ultra-Short Municipal Income ETF during the 2nd quarter worth $122,000. Finally, Harbour Investments Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal Income ETF during the 4th quarter worth $129,000.

About JPMorgan Ultra-Short Municipal Income 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.