TCG Advisory Services LLC Sells 952 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

TCG Advisory Services LLC reduced its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 7.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,455 shares of the company’s stock after selling 952 shares during the quarter. TCG Advisory Services LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 20.6% in the third quarter. LPL Financial LLC now owns 1,562,506 shares of the company’s stock valued at $78,828,000 after purchasing an additional 266,857 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.6% in the 4th quarter. Resonant Capital Advisors LLC now owns 678,912 shares of the company’s stock valued at $34,542,000 after buying an additional 23,850 shares in the last quarter. CWM LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 75.7% during the 4th quarter. CWM LLC now owns 667,926 shares of the company’s stock worth $33,891,000 after buying an additional 287,684 shares during the period. Cerity Partners LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 39.8% during the fourth quarter. Cerity Partners LLC now owns 664,597 shares of the company’s stock worth $33,766,000 after acquiring an additional 189,351 shares in the last quarter. Finally, Bridgewater Advisors Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 40.4% in the fourth quarter. Bridgewater Advisors Inc. now owns 635,844 shares of the company’s stock valued at $32,263,000 after acquiring an additional 183,110 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock traded up $0.03 during trading hours on Friday, hitting $50.61. The company’s stock had a trading volume of 218,088 shares. The stock has a 50 day simple moving average of $50.68 and a 200 day simple moving average of $50.67.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

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.