Aries Wealth Management Increases Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Aries Wealth Management grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,300 shares of the company’s stock after purchasing an additional 650 shares during the period. Aries Wealth Management’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $319,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JMST. Diversified Portfolios Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 105.9% during the fourth quarter. Diversified Portfolios Inc. now owns 136,348 shares of the company’s stock worth $6,914,000 after acquiring an additional 70,142 shares during the period. Avidian Wealth Enterprises LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 24.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 54,132 shares of the company’s stock valued at $2,745,000 after purchasing an additional 10,548 shares during the period. Sonata Capital Group Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 10.8% during the 4th quarter. Sonata Capital Group Inc. now owns 11,547 shares of the company’s stock worth $586,000 after purchasing an additional 1,125 shares in the last quarter. Gradient Capital Advisors LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 4.3% during the 4th quarter. Gradient Capital Advisors LLC now owns 8,127 shares of the company’s stock worth $412,000 after purchasing an additional 333 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $3,105,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.81 on Friday. The firm has a 50-day moving average of $50.79 and a 200-day moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1208 per share. The ex-dividend date was Monday, February 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.