Stonebridge Financial Group LLC Sells 17,368 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Stonebridge Financial Group LLC trimmed its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,022 shares of the company’s stock after selling 17,368 shares during the quarter. Stonebridge Financial Group LLC owned 0.08% of JPMorgan Ultra-Short Municipal ETF worth $3,312,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JMST. Voisard Asset Management Group Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at about $409,000. NavPoint Financial Inc. lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 5.3% in the fourth quarter. NavPoint Financial Inc. now owns 81,742 shares of the company’s stock worth $4,164,000 after buying an additional 4,088 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth about $693,000. Princeton Global Asset Management LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 2.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 25,708 shares of the company’s stock valued at $1,310,000 after acquiring an additional 588 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 34.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 101,267 shares of the company’s stock valued at $5,159,000 after acquiring an additional 26,061 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.91 on Monday. The company has a 50 day moving average of $51.04 and a 200 day moving average of $50.99. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1157 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change 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.