Chesley Taft & Associates LLC Increases Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Chesley Taft & Associates LLC increased its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,640 shares of the company’s stock after buying an additional 36,350 shares during the quarter. Chesley Taft & Associates LLC owned 0.25% of JPMorgan Ultra-Short Municipal ETF worth $10,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rice Partnership LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth $43,000. Financial Network Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $54,000 after purchasing an additional 1,013 shares during the last quarter. US Bancorp DE lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after purchasing an additional 653 shares in the last quarter. Park Place Capital Corp lifted its position in shares of JPMorgan Ultra-Short Municipal ETF by 118.3% during the fourth quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock valued at $90,000 after purchasing an additional 952 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter worth about $96,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.96 on Friday. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week high of $51.13. The firm’s 50-day simple moving average is $51.05 and its 200 day simple moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1157 per share. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 2nd.

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.