Cooper Financial Group Lowers Holdings in JPMorgan Ultra-Short Municipal ETF $JMST

Cooper Financial Group lowered its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 66.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,575 shares of the company’s stock after selling 104,685 shares during the quarter. Cooper Financial Group owned approximately 0.07% of JPMorgan Ultra-Short Municipal ETF worth $2,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMST. Rice Partnership LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at approximately $43,000. Financial Network Wealth Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 2,202.2% in the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $54,000 after purchasing an additional 1,013 shares in the last quarter. US Bancorp DE grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after purchasing an additional 653 shares in the last quarter. Triumph Capital Management bought a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter worth $96,000. Finally, GGM Financials LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at $100,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.98 on Friday. The firm has a fifty day simple moving average of $51.06 and a two-hundred day simple moving average of $51.00. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.42 and a 52 week high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.