Intelligence Driven Advisers LLC Makes New Investment in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Intelligence Driven Advisers LLC bought a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,208 shares of the company’s stock, valued at approximately $622,000.

Several other institutional investors have also made changes to their positions in JMST. IMS Capital Management increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 3.9% in the 1st quarter. IMS Capital Management now owns 5,350 shares of the company’s stock valued at $271,000 after purchasing an additional 200 shares during the period. Guardian Asset Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.2% during the 2nd quarter. Guardian Asset Advisors LLC now owns 4,452 shares of the company’s stock valued at $226,000 after acquiring an additional 221 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% in the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock worth $556,000 after acquiring an additional 238 shares during the last quarter. HTLF Bank increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% in the second quarter. HTLF Bank now owns 7,909 shares of the company’s stock worth $401,000 after acquiring an additional 243 shares during the last quarter. Finally, Essex Savings Bank boosted its position in JPMorgan Ultra-Short Municipal ETF by 4.6% during the third quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock valued at $322,000 after purchasing an additional 276 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock traded up $0.01 during mid-day trading on Thursday, hitting $50.76. The stock had a trading volume of 262,098 shares. The business’s fifty day moving average price is $50.82 and its two-hundred day moving average price is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.1451 dividend. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.