Beacon Investment Advisory Services Inc. Boosts Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Beacon Investment Advisory Services Inc. raised its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,202 shares of the company’s stock after purchasing an additional 18,212 shares during the quarter. Beacon Investment Advisory Services Inc. owned about 0.12% of JPMorgan Ultra-Short Municipal ETF worth $4,951,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 48.3% during the 1st quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock worth $713,000 after buying an additional 4,561 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 17.6% in the second quarter. JPMorgan Chase & Co. now owns 1,011,957 shares of the company’s stock valued at $51,529,000 after acquiring an additional 151,379 shares during the last quarter. Franklin Resources Inc. grew its position in JPMorgan Ultra-Short Municipal ETF by 16.7% during the second quarter. Franklin Resources Inc. now owns 216,874 shares of the company’s stock valued at $11,043,000 after acquiring an additional 31,098 shares during the period. Steward Partners Investment Advisory LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 34.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 27,257 shares of the company’s stock worth $1,388,000 after acquiring an additional 6,971 shares during the last quarter. Finally, Lido Advisors LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 13.8% during the second quarter. Lido Advisors LLC now owns 330,535 shares of the company’s stock worth $16,831,000 after acquiring an additional 40,205 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.96 on Monday. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $51.13. The stock’s 50-day moving average is $51.05 and its 200-day moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.