Thompson Davis & CO. Inc. Has $1.21 Million Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Thompson Davis & CO. Inc. lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,738 shares of the company’s stock after purchasing an additional 2,722 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up about 0.9% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 15th biggest position. Thompson Davis & CO. Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of JMST. IMS Capital Management lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.9% during the first quarter. IMS Capital Management now owns 5,350 shares of the company’s stock valued at $271,000 after acquiring an additional 200 shares during the period. Guardian Asset Advisors LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 5.2% during the 2nd quarter. Guardian Asset Advisors LLC now owns 4,452 shares of the company’s stock worth $226,000 after buying an additional 221 shares during the period. Harbour Investments Inc. grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% during the 2nd 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 period. HTLF Bank raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% during the second quarter. HTLF Bank now owns 7,909 shares of the company’s stock worth $401,000 after buying an additional 243 shares during the last quarter. Finally, Essex Savings Bank lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 4.6% in the third quarter. Essex Savings Bank now owns 6,319 shares of the company’s stock valued at $322,000 after buying an additional 276 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST stock opened at $50.83 on Wednesday. The company has a fifty day moving average of $50.82 and a two-hundred day moving average of $50.78.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.