Smart Money Group LLC Sells 2,381 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Smart Money Group LLC lessened its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,501 shares of the company’s stock after selling 2,381 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises 1.6% of Smart Money Group LLC’s investment portfolio, making the stock its 18th biggest position. Smart Money Group LLC owned 0.14% of JPMorgan Ultra-Short Municipal ETF worth $3,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principle Wealth Partners LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 3,612.4% in the fourth quarter. Principle Wealth Partners LLC now owns 364,597 shares of the company’s stock valued at $18,500,000 after acquiring an additional 354,776 shares during the last quarter. Asio Capital LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $16,121,000. CWM LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 75.7% during the fourth quarter. CWM LLC now owns 667,926 shares of the company’s stock worth $33,891,000 after buying an additional 287,684 shares in the last quarter. LPL Financial LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 20.6% in the 3rd quarter. LPL Financial LLC now owns 1,562,506 shares of the company’s stock valued at $78,828,000 after acquiring an additional 266,857 shares during the last quarter. Finally, Boothe Investment Group Inc. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 256.2% during the 3rd quarter. Boothe Investment Group Inc. now owns 281,834 shares of the company’s stock valued at $14,219,000 after acquiring an additional 202,710 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock traded down $0.01 on Thursday, hitting $50.58. The stock had a trading volume of 412,371 shares. The company has a fifty day moving average of $50.68 and a 200 day moving average of $50.67.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a $0.1399 dividend. The ex-dividend date was Monday, April 1st.

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.