JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Sold by KM Capital Management Ltd.

KM Capital Management Ltd. lowered its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 37,499 shares of the company’s stock after selling 4,057 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for approximately 1.0% of KM Capital Management Ltd.’s portfolio, making the stock its 23rd biggest holding. KM Capital Management Ltd.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $3,866,000. Brio Consultants LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $264,000. Benjamin F. Edwards & Company Inc. grew its holdings in JPMorgan Ultra-Short Municipal ETF by 23.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,141 shares of the company’s stock valued at $362,000 after buying an additional 1,368 shares in the last quarter. Lincoln National Corp increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 126.7% in the 4th quarter. Lincoln National Corp now owns 9,271 shares of the company’s stock worth $470,000 after acquiring an additional 5,182 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth $381,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.86 on Friday. The firm’s fifty day moving average price is $50.81 and its 200-day moving average price is $50.73.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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