JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Sold by Kooman & Associates

Kooman & Associates trimmed its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 6.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,483 shares of the company’s stock after selling 2,161 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for about 0.6% of Kooman & Associates’ portfolio, making the stock its 14th largest position. Kooman & Associates’ holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James & Associates increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.3% during the 2nd quarter. Raymond James & Associates now owns 187,169 shares of the company’s stock worth $9,498,000 after purchasing an additional 6,055 shares during the last quarter. Harbour Investments Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% during the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after acquiring an additional 238 shares during the last quarter. Krilogy Financial LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at approximately $518,000. Choreo LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 2nd quarter worth approximately $225,000. Finally, Summit Wealth Partners LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% during the 2nd quarter. Summit Wealth Partners LLC now owns 12,479 shares of the company’s stock worth $633,000 after purchasing an additional 387 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock opened at $50.81 on Friday. The firm has a fifty day moving average of $50.86 and a 200 day moving average of $50.76.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.