Diversified Portfolios Inc. Purchases 70,142 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Diversified Portfolios Inc. grew its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 105.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,348 shares of the company’s stock after acquiring an additional 70,142 shares during the quarter. Diversified Portfolios Inc. owned 0.26% of JPMorgan Ultra-Short Municipal ETF worth $6,914,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. LPL Financial LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after acquiring 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 worth $59,512,000 after purchasing an additional 21,351 shares during the period. Salomon & Ludwin LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 438.4% in the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after purchasing an additional 830,218 shares in the last quarter. JPMorgan Chase & Co. lifted its position in JPMorgan Ultra-Short Municipal ETF by 8.9% during the third 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 period. Finally, FSM Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 676.0% during the third quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock worth $30,243,000 after buying an additional 517,187 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST stock opened at $50.82 on Wednesday. The firm has a 50 day moving average price of $50.79 and a 200-day moving average price of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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