HTLF Bank Takes Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

HTLF Bank acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,680 shares of the company’s stock, valued at approximately $390,000.

A number of other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $81,000. Brown Advisory Inc. acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $2,004,000. Cetera Advisors LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 274.4% in the fourth quarter. Cetera Advisors LLC now owns 22,697 shares of the company’s stock worth $1,147,000 after purchasing an additional 16,635 shares in the last quarter. Cetera Investment Advisers increased its position in JPMorgan Ultra-Short Municipal ETF by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 24,983 shares of the company’s stock worth $1,263,000 after buying an additional 670 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 51.4% during the 4th quarter. Cetera Advisor Networks LLC now owns 27,596 shares of the company’s stock valued at $1,395,000 after acquiring an additional 9,373 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.66 on Friday. The firm has a fifty day moving average of $50.69 and a 200 day moving average of $50.65.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, April 1st.

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.