Independent Advisor Alliance Takes $6.44 Million Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Independent Advisor Alliance acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 126,903 shares of the company’s stock, valued at approximately $6,435,000. Independent Advisor Alliance owned about 0.25% of JPMorgan Ultra-Short Municipal ETF as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $238,000. Capital Management Corp VA increased its holdings in JPMorgan Ultra-Short Municipal ETF by 10.2% during the fourth quarter. Capital Management Corp VA now owns 81,088 shares of the company’s stock valued at $4,112,000 after buying an additional 7,494 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF by 654,800.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,549 shares of the company’s stock valued at $332,000 after buying an additional 6,548 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $22,229,000. Finally, Atria Investments Inc increased its holdings in JPMorgan Ultra-Short Municipal ETF by 7.6% during the fourth quarter. Atria Investments Inc now owns 36,919 shares of the company’s stock valued at $1,872,000 after buying an additional 2,593 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1 %

Shares of JMST stock opened at $50.80 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.53 and a 12 month high of $50.97. The company has a 50 day simple moving average of $50.81 and a two-hundred day simple moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.