Revolve Wealth Partners LLC Takes Position in JPMorgan Ultra-Short Municipal ETF $JMST

Revolve Wealth Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,612 shares of the company’s stock, valued at approximately $693,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 13.8% during the third quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock valued at $193,266,000 after purchasing an additional 460,157 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan Ultra-Short Municipal ETF by 4.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,780,629 shares of the company’s stock worth $192,963,000 after purchasing an additional 168,124 shares in the last quarter. HB Wealth Management LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 173.7% during the 3rd quarter. HB Wealth Management LLC now owns 1,733,119 shares of the company’s stock worth $88,458,000 after buying an additional 1,099,860 shares during the period. Resonant Capital Advisors LLC raised its holdings in JPMorgan Ultra-Short Municipal ETF by 10.0% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,420,403 shares of the company’s stock worth $72,497,000 after buying an additional 128,706 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 18.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,268,731 shares of the company’s stock valued at $64,693,000 after buying an additional 198,260 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JMST opened at $50.91 on Monday. The company has a 50-day moving average of $51.04 and a two-hundred day moving average of $50.99. JPMorgan Ultra-Short Municipal ETF has a one year low of $50.42 and a one year 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. Investors of record on Monday, March 2nd were paid a $0.1157 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 2.7%. This is a positive change from JPMorgan Ultra-Short Municipal ETF’s previous monthly dividend of $0.10.

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.