Naviter Wealth LLC Has $1.57 Million Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Naviter Wealth LLC grew its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 69.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,790 shares of the company’s stock after buying an additional 12,652 shares during the quarter. Naviter Wealth LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,567,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in JMST. LPL Financial LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.6% in the third quarter. LPL Financial LLC now owns 1,562,506 shares of the company’s stock valued at $78,828,000 after purchasing an additional 266,857 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.6% in the 4th quarter. Resonant Capital Advisors LLC now owns 678,912 shares of the company’s stock worth $34,542,000 after acquiring an additional 23,850 shares during the period. CWM LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 75.7% during the fourth quarter. CWM LLC now owns 667,926 shares of the company’s stock valued at $33,891,000 after purchasing an additional 287,684 shares during the period. Cerity Partners LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 39.8% in the fourth quarter. Cerity Partners LLC now owns 664,597 shares of the company’s stock valued at $33,766,000 after purchasing an additional 189,351 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 54.2% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 501,607 shares of the company’s stock worth $25,452,000 after purchasing an additional 176,325 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS:JMST opened at $50.70 on Tuesday. The business has a 50-day simple moving average of $50.69 and a 200-day simple moving average of $50.66.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

JPMorgan Ultra-Short Municipal ETF Company 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.