Capital Asset Advisory Services LLC Increases Position in JPMorgan Ultra-Short Municipal ETF $JMST

Capital Asset Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 281,874 shares of the company’s stock after acquiring an additional 34,766 shares during the quarter. Capital Asset Advisory Services LLC owned approximately 0.35% of JPMorgan Ultra-Short Municipal ETF worth $14,373,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of JMST. HB Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 173.7% in the 3rd quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock valued at $88,458,000 after purchasing an additional 1,099,860 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 14.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,612,505 shares of the company’s stock valued at $183,949,000 after buying an additional 464,869 shares during the last quarter. Bank of America Corp DE grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after buying an additional 460,157 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 36.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,471 shares of the company’s stock worth $54,514,000 after buying an additional 287,650 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 26.9% in the third quarter. Raymond James Financial Inc. now owns 906,585 shares of the company’s stock worth $46,272,000 after buying an additional 192,119 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST opened at $50.98 on Tuesday. The firm’s fifty day moving average price is $51.06 and its 200 day moving average price is $51.00. 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 business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.1157 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

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.