Tennessee Valley Asset Management Partners Buys Shares of 23,756 JPMorgan Ultra-Short Municipal ETF $JMST

Tennessee Valley Asset Management Partners purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,756 shares of the company’s stock, valued at approximately $1,212,000.

Several other large investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $42,000. Rice Partnership LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at about $43,000. Financial Network Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $54,000 after purchasing an additional 1,013 shares during the period. US Bancorp DE increased 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 valued at $59,000 after purchasing an additional 653 shares during the last quarter. Finally, GGM Financials LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $100,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $51.02 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 12-month low of $50.42 and a 12-month high of $51.13. The company’s 50 day moving average is $51.05 and its 200 day 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. Stockholders of record on Monday, March 2nd were paid a $0.1157 dividend. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.7%.

About JPMorgan Ultra-Short Municipal 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.