JPMorgan Ultra-Short Municipal ETF $JMST Shares Purchased by Essex Financial Services Inc.

Essex Financial Services Inc. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 48.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,984 shares of the company’s stock after buying an additional 30,102 shares during the period. Essex Financial Services Inc. owned 0.12% of JPMorgan Ultra-Short Municipal ETF worth $4,695,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI raised its holdings in JPMorgan Ultra-Short Municipal ETF by 2,677.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 136,156 shares of the company’s stock valued at $6,949,000 after buying an additional 131,254 shares during the period. Cooper Financial Group boosted its stake in JPMorgan Ultra-Short Municipal ETF by 22.2% during the third quarter. Cooper Financial Group now owns 158,260 shares of the company’s stock worth $8,078,000 after buying an additional 28,746 shares during the period. Boothe Investment Group Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 11.5% during the third quarter. Boothe Investment Group Inc. now owns 257,352 shares of the company’s stock valued at $13,135,000 after acquiring an additional 26,528 shares during the last quarter. Forvis Mazars Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 410.1% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 23,079 shares of the company’s stock valued at $1,178,000 after acquiring an additional 18,555 shares during the last quarter. Finally, Ashton Thomas Securities LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 200.5% in the 3rd quarter. Ashton Thomas Securities LLC now owns 55,310 shares of the company’s stock valued at $2,823,000 after acquiring an additional 36,905 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $51.09 on Wednesday. The firm’s 50 day moving average price is $51.03 and its 200-day moving average price is $50.99. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year high of $51.13.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.097 per share. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, February 2nd.

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.