Cyndeo Wealth Partners LLC Acquires New Shares in JPMorgan Ultra-Short Municipal ETF $JMST

Cyndeo Wealth Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,612 shares of the company’s stock, valued at approximately $795,000.

Several other institutional investors have also recently made changes to their positions in the stock. Citizens Financial Group Inc. RI increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 2,677.6% during the third quarter. Citizens Financial Group Inc. RI now owns 136,156 shares of the company’s stock valued at $6,949,000 after buying an additional 131,254 shares during the period. Cooper Financial Group boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 22.2% in the third quarter. Cooper Financial Group now owns 158,260 shares of the company’s stock valued at $8,078,000 after acquiring an additional 28,746 shares during the period. Boothe Investment Group Inc. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 11.5% in the third quarter. Boothe Investment Group Inc. now owns 257,352 shares of the company’s stock valued at $13,135,000 after acquiring an additional 26,528 shares during the period. Forvis Mazars Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 410.1% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 23,079 shares of the company’s stock valued at $1,178,000 after acquiring an additional 18,555 shares in the last quarter. Finally, Ashton Thomas Securities LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 200.5% during the third quarter. Ashton Thomas Securities LLC now owns 55,310 shares of the company’s stock valued at $2,823,000 after acquiring an additional 36,905 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.1%

JPMorgan Ultra-Short Municipal ETF stock opened at $50.98 on Monday. JPMorgan Ultra-Short Municipal ETF has a 1-year low of $50.42 and a 1-year high of $51.13. The firm’s 50 day simple moving average is $51.06 and its 200 day simple moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.