DMKC Advisory Services LLC Buys Shares of 7,083 JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

DMKC Advisory Services LLC bought a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,083 shares of the company’s stock, valued at approximately $359,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 22.7% in the 4th quarter. GAMMA Investing LLC now owns 17,228 shares of the company’s stock worth $874,000 after buying an additional 3,192 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 7,537.1% during the 3rd quarter. International Assets Investment Management LLC now owns 123,416 shares of the company’s stock valued at $6,287,000 after acquiring an additional 121,800 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock worth $44,060,000 after acquiring an additional 70,821 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 14.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 41,649 shares of the company’s stock valued at $2,112,000 after purchasing an additional 5,232 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in JPMorgan Ultra-Short Municipal ETF by 29.3% during the third quarter. Townsquare Capital LLC now owns 9,815 shares of the company’s stock valued at $500,000 after purchasing an additional 2,227 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST stock opened at $50.89 on Wednesday. The stock has a 50-day moving average of $50.80 and a 200 day moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a $0.1208 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.