JPMorgan Ultra-Short Municipal ETF $JMST Position Increased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 86.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,400 shares of the company’s stock after purchasing an additional 12,675 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,399,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rice Partnership LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at $43,000. Financial Network Wealth Advisors LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the third quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $54,000 after acquiring an additional 1,013 shares during the last quarter. US Bancorp DE grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after acquiring an additional 653 shares during the last quarter. Park Place Capital Corp increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 118.3% in the 4th quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock worth $90,000 after acquiring an additional 952 shares during the period. Finally, Triumph Capital Management acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $96,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1%

Shares of BATS:JMST opened at $50.98 on Thursday. The company’s 50-day moving average price is $51.05 and its 200 day moving average price is $51.00. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.42 and a fifty-two week high of $51.13.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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