Sonata Capital Group Inc. Takes Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Sonata Capital Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 10,422 shares of the company’s stock, valued at approximately $531,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Advisor Group LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 1.9% in the third quarter. Private Advisor Group LLC now owns 78,482 shares of the company’s stock worth $3,998,000 after purchasing an additional 1,434 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 7,537.1% in the 3rd quarter. International Assets Investment Management LLC now owns 123,416 shares of the company’s stock worth $6,287,000 after buying an additional 121,800 shares during the last quarter. Raymond James & Associates grew its position in JPMorgan Ultra-Short Municipal ETF by 3.3% during the second quarter. Raymond James & Associates now owns 187,169 shares of the company’s stock valued at $9,498,000 after buying an additional 6,055 shares during the period. Harbour Investments Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF by 2.2% during the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock worth $556,000 after buying an additional 238 shares during the last quarter. Finally, Krilogy Financial LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $518,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

JMST traded up $0.05 during midday trading on Friday, reaching $50.69. The company had a trading volume of 414,529 shares. The business’s 50-day moving average price is $50.83 and its 200-day moving average price is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1451 per share. This is a positive change 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.