TD Capital Management LLC Has $12.53 Million Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

TD Capital Management LLC trimmed its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 247,170 shares of the company’s stock after selling 1,370 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up approximately 1.3% of TD Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. TD Capital Management LLC owned 0.48% of JPMorgan Ultra-Short Municipal ETF worth $12,534,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% in the third quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after purchasing an additional 167,861 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock valued at $59,512,000 after acquiring an additional 21,351 shares during the last quarter. Salomon & Ludwin LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 0.8% in the fourth quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock valued at $52,106,000 after acquiring an additional 7,925 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after acquiring an additional 70,821 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 712,875 shares of the company’s stock valued at $36,150,000 after acquiring an additional 90,863 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS:JMST opened at $50.89 on Friday. The firm has a 50-day moving average of $50.80 and a 200-day moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Investors 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.