JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC trimmed its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,826 shares of the company’s stock after selling 2,082 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises 1.6% of BCGM Wealth Management LLC’s holdings, making the stock its 14th biggest position. BCGM Wealth Management LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $5,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. River Street Advisors LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the third quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at $60,000. MidAtlantic Capital Management Inc. bought a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter valued at about $80,000. Blue Trust Inc. acquired a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $82,000. Finally, Bank of Jackson Hole Trust acquired a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $99,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST opened at $50.86 on Monday. The firm has a fifty day simple moving average of $50.80 and a 200-day simple moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

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.