Parallel Advisors LLC Increases Stock Position in JPMorgan Ultra-Short Municipal ETF $JMST

Parallel Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 73.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,482 shares of the company’s stock after buying an additional 37,394 shares during the period. Parallel Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,516,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at approximately $26,000. Atlantic Union Bankshares Corp purchased a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter worth $42,000. Rice Partnership LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at $43,000. Financial Network Wealth Advisors LLC lifted its holdings in 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 valued at $54,000 after acquiring an additional 1,013 shares during the period. Finally, US Bancorp DE boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% during the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after purchasing an additional 653 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%

BATS:JMST opened at $51.02 on Monday. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week 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 business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.1157 per share. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.