Sargent Investment Group LLC Makes New Investment in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Sargent Investment Group LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,635 shares of the company’s stock, valued at approximately $438,000.

Other hedge funds also recently modified their holdings of the company. River Street Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $60,000. MidAtlantic Capital Management Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $80,000. Key Financial Inc grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 65.6% in the 3rd quarter. Key Financial Inc now owns 2,116 shares of the company’s stock valued at $108,000 after acquiring an additional 838 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $217,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.82 on Thursday. The firm has a fifty 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.

JPMorgan Ultra-Short Municipal ETF Company 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.