MJP Associates Inc. ADV Has $15.99 Million Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

MJP Associates Inc. ADV raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 8.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 315,174 shares of the company’s stock after buying an additional 25,496 shares during the period. JPMorgan Ultra-Short Municipal ETF comprises approximately 3.5% of MJP Associates Inc. ADV’s investment portfolio, making the stock its 6th biggest position. MJP Associates Inc. ADV owned approximately 0.60% of JPMorgan Ultra-Short Municipal ETF worth $15,992,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 20.6% in the 3rd quarter. LPL Financial LLC now owns 1,562,506 shares of the company’s stock worth $78,828,000 after purchasing an additional 266,857 shares during the period. Fiduciary Trust Co boosted its stake in JPMorgan Ultra-Short Municipal ETF by 18.9% in the 4th quarter. Fiduciary Trust Co now owns 1,456,283 shares of the company’s stock worth $73,892,000 after purchasing an additional 231,636 shares during the period. Wells Fargo & Company MN boosted its stake in JPMorgan Ultra-Short Municipal ETF by 21.5% in the 4th quarter. Wells Fargo & Company MN now owns 963,543 shares of the company’s stock worth $48,890,000 after purchasing an additional 170,642 shares during the period. UBS Group AG lifted its position in JPMorgan Ultra-Short Municipal ETF by 14.0% in the 4th quarter. UBS Group AG now owns 778,850 shares of the company’s stock worth $39,519,000 after buying an additional 95,378 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in 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 worth $34,542,000 after buying an additional 23,850 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JMST stock traded up $0.04 during midday trading on Friday, reaching $50.73. The company had a trading volume of 352,890 shares. The company’s 50-day moving average price is $50.66 and its 200 day moving average price is $50.70.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.1445 per share. The ex-dividend date was Monday, June 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.