Comerica Bank Raises Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Comerica Bank raised its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Comerica Bank’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $304,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 14.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 41,649 shares of the company’s stock worth $2,112,000 after acquiring an additional 5,232 shares during the last quarter. Rockport Wealth LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth approximately $351,000. Truist Financial Corp lifted its stake in JPMorgan Ultra-Short Municipal ETF by 4.0% in the fourth quarter. Truist Financial Corp now owns 80,823 shares of the company’s stock worth $4,099,000 after acquiring an additional 3,113 shares during the last quarter. Raymond James Financial Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth approximately $22,229,000. Finally, PNC Financial Services Group Inc. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 654,800.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,549 shares of the company’s stock worth $332,000 after acquiring an additional 6,548 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.77 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high of $50.98. The company has a 50 day moving average of $50.72 and a 200 day moving average of $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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