Avidian Wealth Enterprises LLC Has $2.75 Million Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Avidian Wealth Enterprises LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 24.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,132 shares of the company’s stock after buying an additional 10,548 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 22.7% in the fourth quarter. GAMMA Investing LLC now owns 17,228 shares of the company’s stock valued at $874,000 after acquiring an additional 3,192 shares during the period. International Assets Investment Management LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 7,537.1% during the 3rd quarter. International Assets Investment Management LLC now owns 123,416 shares of the company’s stock valued at $6,287,000 after purchasing an additional 121,800 shares during the last quarter. Private Advisor Group LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 1.9% in the 3rd quarter. Private Advisor Group LLC now owns 78,482 shares of the company’s stock valued at $3,998,000 after purchasing an additional 1,434 shares during the period. JPMorgan Chase & Co. grew its position in JPMorgan Ultra-Short Municipal ETF by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after purchasing an additional 70,821 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 14.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 41,649 shares of the company’s stock worth $2,112,000 after purchasing an additional 5,232 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.82 on Wednesday. The company’s 50 day moving average is $50.79 and its 200-day moving average is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a $0.1208 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.