JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 35.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,665 shares of the company’s stock after buying an additional 1,736 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $338,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. River Street Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at about $60,000. MidAtlantic Capital Management Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth approximately $80,000. Blue Trust Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter worth approximately $82,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at approximately $99,000.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.2 %

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

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a dividend of $0.1208 per share. The ex-dividend date 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.