13,148 Shares in JPMorgan Ultra-Short Municipal ETF $JMST Acquired by Acropolis Investment Management LLC

Acropolis Investment Management LLC bought a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,148 shares of the company’s stock, valued at approximately $670,000.

A number of other institutional investors also recently modified their holdings of JMST. Bank of America Corp DE raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after acquiring an additional 460,157 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 4.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,780,629 shares of the company’s stock valued at $192,963,000 after buying an additional 168,124 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 173.7% in the 3rd quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock valued at $88,458,000 after buying an additional 1,099,860 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 10.0% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,420,403 shares of the company’s stock valued at $72,497,000 after buying an additional 128,706 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 18.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,268,731 shares of the company’s stock worth $64,693,000 after buying an additional 198,260 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.96 on Monday. The firm’s 50 day moving average price is $51.05 and its 200 day moving average price is $51.00. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1157 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

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.