Focus Financial Network Inc. Has $2.70 Million Stock Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Focus Financial Network Inc. lessened its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 53,108 shares of the company’s stock after selling 402 shares during the quarter. Focus Financial Network Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $2,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JMST. LPL Financial LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 9.5% in the third quarter. LPL Financial LLC now owns 1,925,693 shares of the company’s stock valued at $98,095,000 after acquiring an additional 167,861 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.9% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,171,600 shares of the company’s stock valued at $59,512,000 after acquiring an additional 21,351 shares during the period. Salomon & Ludwin LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 438.4% in the third quarter. Salomon & Ludwin LLC now owns 1,019,611 shares of the company’s stock valued at $51,939,000 after acquiring an additional 830,218 shares during the period. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 864,940 shares of the company’s stock valued at $44,060,000 after acquiring an additional 70,821 shares during the period. Finally, FSM Wealth Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 676.0% in the third quarter. FSM Wealth Advisors LLC now owns 593,698 shares of the company’s stock valued at $30,243,000 after acquiring an additional 517,187 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of JMST stock opened at $50.82 on Wednesday. The business has a 50 day moving average price of $50.79 and a two-hundred day moving average price of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a $0.1208 dividend. The ex-dividend date was 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.