Envestnet Asset Management Inc. Has $13.72 Million Stock Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Envestnet Asset Management Inc. grew its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 268,753 shares of the company’s stock after purchasing an additional 19,752 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of JPMorgan Ultra-Short Municipal ETF worth $13,717,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JMST. AQR Capital Management LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 48.3% during the first quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock valued at $713,000 after buying an additional 4,561 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 12.4% during the 2nd quarter. International Assets Investment Management LLC now owns 9,035 shares of the company’s stock worth $460,000 after acquiring an additional 999 shares during the period. Forvis Mazars Wealth Advisors LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at approximately $230,000. Beverly Hills Private Wealth LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth about $494,000. Finally, Stephens Inc. AR bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth $664,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

BATS JMST opened at $51.13 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.42 and a twelve month high of $51.13. The stock’s 50-day simple moving average is $51.03 and its two-hundred day simple moving average is $50.99.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.097 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.3%.

JPMorgan Ultra-Short Municipal ETF 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.