13,612 Shares in JPMorgan Ultra-Short Municipal ETF $JMST Purchased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC bought a new stake 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 13,612 shares of the company’s stock, valued at approximately $693,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JMST. Rice Partnership LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $43,000. Financial Network Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $54,000 after buying an additional 1,013 shares in the last quarter. US Bancorp DE grew its holdings in 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 worth $59,000 after acquiring an additional 653 shares during the period. Park Place Capital Corp raised its position in JPMorgan Ultra-Short Municipal ETF by 118.3% in the fourth quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock worth $90,000 after acquiring an additional 952 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter worth about $96,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.91 on Monday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13. The firm has a 50-day moving average of $51.04 and a two-hundred day moving average of $50.99.

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 paid a dividend of $0.1157 per share. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.