Sagespring Wealth Partners LLC Purchases Shares of 54,602 JPMorgan Ultra-Short Municipal ETF $JMST

Sagespring Wealth Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 54,602 shares of the company’s stock, valued at approximately $2,781,000. Sagespring Wealth Partners LLC owned about 0.07% of JPMorgan Ultra-Short Municipal ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 48.3% during the first quarter. AQR Capital Management LLC now owns 14,012 shares of the company’s stock worth $713,000 after buying an additional 4,561 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 17.6% in the second quarter. JPMorgan Chase & Co. now owns 1,011,957 shares of the company’s stock valued at $51,529,000 after acquiring an additional 151,379 shares during the last quarter. Franklin Resources Inc. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 16.7% in the second quarter. Franklin Resources Inc. now owns 216,874 shares of the company’s stock valued at $11,043,000 after acquiring an additional 31,098 shares during the last quarter. AlphaCore Capital LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 126.2% in the 2nd quarter. AlphaCore Capital LLC now owns 498,744 shares of the company’s stock valued at $25,396,000 after acquiring an additional 278,288 shares during the period. Finally, Cozad Asset Management Inc. increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 10.3% during the 2nd quarter. Cozad Asset Management Inc. now owns 21,107 shares of the company’s stock worth $1,075,000 after purchasing an additional 1,975 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.1%

Shares of JMST stock opened at $50.98 on Friday. The firm’s 50-day moving average is $51.06 and its 200-day moving average is $51.00. JPMorgan Ultra-Short Municipal ETF has a 52-week low of $50.42 and a 52-week high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1157 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, March 2nd.

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.