Integrated Advisors Network LLC Decreases Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Integrated Advisors Network LLC cut its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 60.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,308 shares of the company’s stock after selling 80,768 shares during the quarter. Integrated Advisors Network LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JMST. Principle Wealth Partners LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 3,612.4% in the 4th quarter. Principle Wealth Partners LLC now owns 364,597 shares of the company’s stock valued at $18,500,000 after purchasing an additional 354,776 shares during the last quarter. Asio Capital LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $16,121,000. CWM LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 75.7% during the fourth quarter. CWM LLC now owns 667,926 shares of the company’s stock worth $33,891,000 after buying an additional 287,684 shares during the period. LPL Financial LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 20.6% during the third quarter. LPL Financial LLC now owns 1,562,506 shares of the company’s stock valued at $78,828,000 after acquiring an additional 266,857 shares during the last quarter. Finally, Fiduciary Trust Co increased its position in JPMorgan Ultra-Short Municipal ETF by 18.9% during the fourth quarter. Fiduciary Trust Co now owns 1,456,283 shares of the company’s stock valued at $73,892,000 after acquiring an additional 231,636 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock remained flat at $50.68 during trading on Friday. 407,527 shares of the stock traded hands. The firm’s 50-day moving average price is $50.65 and its 200 day moving average price is $50.70.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, June 3rd were paid a $0.1445 dividend. The ex-dividend date was Monday, June 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.