Bridgewater Advisors Inc. Grows Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Bridgewater Advisors Inc. boosted its holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 12.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 500,517 shares of the company’s stock after purchasing an additional 53,601 shares during the quarter. JPMorgan Ultra-Short Municipal ETF makes up approximately 2.7% of Bridgewater Advisors Inc.’s holdings, making the stock its 12th largest position. Bridgewater Advisors Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $25,439,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 10.9% during the 2nd quarter. LPL Financial LLC now owns 1,757,832 shares of the company’s stock worth $89,201,000 after buying an additional 172,347 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan Ultra-Short Municipal ETF by 4.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,744,345 shares of the company’s stock worth $88,517,000 after purchasing an additional 67,868 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 28.8% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,150,249 shares of the company’s stock valued at $58,594,000 after purchasing an additional 257,415 shares in the last quarter. Salomon & Ludwin LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 438.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock worth $51,939,000 after purchasing an additional 830,218 shares during the period. Finally, FSM Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 676.0% in the third quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock valued at $30,243,000 after acquiring an additional 517,187 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.2 %

Shares of JMST stock opened at $50.64 on Thursday. The business’s fifty day moving average is $50.84 and its two-hundred day moving average is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1451 per share. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.