JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Stock Holdings Increased by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.6% during the 2nd quarter, Holdings Channel reports. The fund owned 85,859 shares of the company’s stock after purchasing an additional 2,979 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up approximately 1.0% of Wealth Alliance Advisory Group LLC’s portfolio, making the stock its 23rd largest holding. Wealth Alliance Advisory Group LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $4,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 331.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 35,933 shares of the company’s stock valued at $1,823,000 after acquiring an additional 27,596 shares in the last quarter. Skyline Advisors Inc. raised its stake in JPMorgan Ultra-Short Municipal ETF by 55.7% during the 2nd quarter. Skyline Advisors Inc. now owns 56,031 shares of the company’s stock valued at $2,843,000 after acquiring an additional 20,041 shares in the last quarter. Robinson Smith Wealth Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.3% in the 2nd quarter. Robinson Smith Wealth Advisors LLC now owns 38,735 shares of the company’s stock worth $1,966,000 after buying an additional 1,939 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth $82,000. Finally, Modera Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth $1,501,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST opened at $50.94 on Friday. The stock has a 50 day moving average price of $50.80 and a two-hundred day moving average price of $50.72.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd will be paid a $0.1451 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.