Tortoise Investment Management LLC Has $5.02 Million Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Tortoise Investment Management LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 389.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,950 shares of the company’s stock after buying an additional 78,720 shares during the quarter. Tortoise Investment Management LLC owned approximately 0.19% of JPMorgan Ultra-Short Municipal ETF worth $5,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after buying an additional 167,861 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 1.9% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock worth $59,512,000 after purchasing an additional 21,351 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 0.8% in the 4th quarter. Salomon & Ludwin LLC now owns 1,027,536 shares of the company’s stock worth $52,106,000 after purchasing an additional 7,925 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after purchasing an additional 70,821 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth approximately $43,522,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.81 on Monday. The stock has a fifty day moving average of $50.81 and a 200 day moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a $0.1277 dividend. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date was Monday, March 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.