Paladin Advisory Group LLC Decreases Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Paladin Advisory Group LLC reduced its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 27.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 34,227 shares of the company’s stock after selling 13,056 shares during the quarter. JPMorgan Ultra-Short Municipal ETF accounts for approximately 1.4% of Paladin Advisory Group LLC’s portfolio, making the stock its 26th largest holding. Paladin Advisory Group LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,747,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $26,000. Creative Financial Designs Inc. ADV grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 414.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock valued at $26,000 after acquiring an additional 414 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at approximately $42,000. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter worth approximately $45,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the 3rd 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.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.6%

JPMorgan Ultra-Short Municipal ETF stock opened at $51.06 on Friday. The business’s 50 day simple moving average is $51.00 and its 200 day simple moving average is $50.98. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $50.98.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

JPMorgan Ultra-Short Municipal ETF 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.