Paladin Advisory Group LLC Purchases 5,252 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Paladin Advisory Group LLC boosted its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 20.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,444 shares of the company’s stock after acquiring an additional 5,252 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for approximately 1.3% of Paladin Advisory Group LLC’s portfolio, making the stock its 24th largest holding. Paladin Advisory Group LLC owned approximately 0.06% of JPMorgan Ultra-Short Municipal ETF worth $1,545,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 3.6% during 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. Beaumont Financial Advisors LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $221,000. HTLF Bank purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $390,000. Tranquility Partners LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 146.8% during the 4th quarter. Tranquility Partners LLC now owns 20,049 shares of the company’s stock valued at $1,017,000 after purchasing an additional 11,926 shares in the last quarter. Finally, Allen Capital Group LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $957,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST stock remained flat at $50.66 on Friday. The company had a trading volume of 259,356 shares. The company has a 50 day moving average price of $50.69 and a 200-day moving average price of $50.64.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

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.