Acropolis Investment Management LLC Buys New Position in JPMorgan Ultra-Short Municipal ETF $JMST

Acropolis Investment Management LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 13,148 shares of the company’s stock, valued at approximately $670,000.

Other large investors also recently modified their holdings of the company. Rice Partnership LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at approximately $43,000. Financial Network Wealth Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 2,202.2% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $54,000 after purchasing an additional 1,013 shares during the last quarter. US Bancorp DE boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 130.6% in the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after purchasing an additional 653 shares during the period. Park Place Capital Corp grew its position in 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 purchasing an additional 952 shares during the last quarter. Finally, Triumph Capital Management bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth about $96,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST opened at $50.96 on Monday. The company has a 50-day simple moving average of $51.05 and a 200-day simple moving average of $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 company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1157 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

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.