SVB Wealth LLC Decreases Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

SVB Wealth LLC reduced its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 13.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,379 shares of the company’s stock after selling 16,102 shares during the period. SVB Wealth LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,296,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in JMST. Raymond James & Associates boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.8% in the 4th quarter. Raymond James & Associates now owns 176,881 shares of the company’s stock worth $8,975,000 after buying an additional 6,556 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 15.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 114,033 shares of the company’s stock worth $5,786,000 after buying an additional 15,194 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth about $201,000. ERn Financial LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 36.3% in the 4th quarter. ERn Financial LLC now owns 23,687 shares of the company’s stock worth $1,201,000 after buying an additional 6,304 shares in the last quarter. Finally, Atlas Private Wealth Management purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth about $8,223,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock remained flat at $50.85 on Monday. 225,745 shares of the company traded hands. The company’s fifty day moving average price is $50.71 and its 200-day moving average price is $50.70.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a $0.1405 dividend. The ex-dividend date was Monday, July 1st.

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.