NavPoint Financial Inc. Has $1.63 Million Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

NavPoint Financial Inc. boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 54.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,228 shares of the company’s stock after buying an additional 11,409 shares during the period. JPMorgan Ultra-Short Municipal ETF makes up about 1.3% of NavPoint Financial Inc.’s portfolio, making the stock its 20th largest position. NavPoint Financial Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $1,634,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JMST. River Street Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter valued at $60,000. MidAtlantic Capital Management Inc. purchased a new position in JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth $80,000. Key Financial Inc grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 65.6% in the 3rd quarter. Key Financial Inc now owns 2,116 shares of the company’s stock worth $108,000 after acquiring an additional 838 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $112,000.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST opened at $50.89 on Monday. The firm’s fifty day moving average price is $50.80 and its 200-day moving average price is $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd will be paid a $0.1208 dividend. The ex-dividend date of this dividend is Monday, February 3rd.

About JPMorgan Ultra-Short Municipal ETF

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.