Chesley Taft & Associates LLC Purchases 36,350 Shares of JPMorgan Ultra-Short Municipal ETF $JMST

Chesley Taft & Associates LLC increased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 22.0% in the fourth quarter, HoldingsChannel reports. The firm owned 201,640 shares of the company’s stock after purchasing an additional 36,350 shares during the quarter. Chesley Taft & Associates LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $10,272,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rice Partnership LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter worth $43,000. Financial Network Wealth Advisors LLC lifted its position in 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 valued at $54,000 after buying an additional 1,013 shares during the period. US Bancorp DE boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% during the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after buying an additional 653 shares in the last quarter. Park Place Capital Corp boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 118.3% during the 4th quarter. Park Place Capital Corp now owns 1,757 shares of the company’s stock valued at $90,000 after buying an additional 952 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter worth about $96,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.96 on Friday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $51.13. The company has a 50-day moving average of $51.05 and a 200 day moving average of $51.00.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1157 dividend. 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 was Monday, March 2nd.

JPMorgan Ultra-Short Municipal ETF Company 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.