Cozad Asset Management Inc. Purchases Shares of 17,813 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Cozad Asset Management Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 17,813 shares of the company’s stock, valued at approximately $903,000.

A number of other hedge funds have also recently made changes to their positions in JMST. Assetmark Inc. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 591.3% during the 4th quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock valued at $56,000 after acquiring an additional 946 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $60,000. MidAtlantic Capital Management Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $80,000. Blue Trust Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $82,000. Finally, Bank of Jackson Hole Trust purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $99,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST stock opened at $50.83 on Tuesday. The firm has a 50 day moving average of $50.81 and a two-hundred day moving average of $50.82. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.53 and a 52 week high of $50.97.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid 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.

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.