Flputnam Investment Management Co. Sells 1,650 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Flputnam Investment Management Co. lowered its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,775 shares of the company’s stock after selling 1,650 shares during the quarter. Flputnam Investment Management Co.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JMST. Moneta Group Investment Advisors LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $1,023,233,000. LPL Financial LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.6% during the 3rd quarter. LPL Financial LLC now owns 1,562,506 shares of the company’s stock valued at $78,828,000 after acquiring an additional 266,857 shares in the last quarter. Cerity Partners LLC increased its stake in JPMorgan Ultra-Short Municipal ETF by 137.8% in the fourth quarter. Cerity Partners LLC now owns 765,360 shares of the company’s stock valued at $38,704,000 after acquiring an additional 443,506 shares during the period. Jane Street Group LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 373.4% in the first quarter. Jane Street Group LLC now owns 727,926 shares of the company’s stock worth $36,971,000 after purchasing an additional 574,170 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 14.5% during the third quarter. Resonant Capital Advisors LLC now owns 655,062 shares of the company’s stock worth $33,048,000 after purchasing an additional 82,920 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST stock opened at $50.67 on Friday. The firm has a fifty day moving average of $50.69 and a 200 day moving average of $50.64.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a $0.1399 dividend. The ex-dividend date of this dividend was Monday, April 1st.

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.