JPMorgan Ultra-Short Municipal ETF $JMST Shares Purchased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 86.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,400 shares of the company’s stock after purchasing an additional 12,675 shares during the period. Canvas Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 48.3% in the first quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock valued at $713,000 after acquiring an additional 4,561 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Municipal ETF by 17.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,011,957 shares of the company’s stock worth $51,529,000 after acquiring an additional 151,379 shares in the last quarter. Franklin Resources Inc. grew its holdings in JPMorgan Ultra-Short Municipal ETF by 16.7% during the 2nd quarter. Franklin Resources Inc. now owns 216,874 shares of the company’s stock worth $11,043,000 after acquiring an additional 31,098 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth about $2,988,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 34.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 27,257 shares of the company’s stock valued at $1,388,000 after purchasing an additional 6,971 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.98 on Thursday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $51.13. The firm’s 50-day simple moving average is $51.05 and its 200-day simple moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.