Axxcess Wealth Management LLC Buys 21,019 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Axxcess Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 284,297 shares of the company’s stock after acquiring an additional 21,019 shares during the quarter. Axxcess Wealth Management LLC owned 0.36% of JPMorgan Ultra-Short Municipal ETF worth $14,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its position in JPMorgan Ultra-Short Municipal ETF by 414.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock valued at $26,000 after purchasing an additional 414 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth approximately $26,000. Atlantic Union Bankshares Corp purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth $42,000. Briaud Financial Planning Inc purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth $45,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the 3rd 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 during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $51.09 on Wednesday. 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 fifty day simple moving average of $51.03 and a two-hundred day simple moving average of $50.99.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.097 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, February 2nd.

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.