Avantax Advisory Services Inc. Sells 2,160 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Avantax Advisory Services Inc. lessened its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,498 shares of the company’s stock after selling 2,160 shares during the period. Avantax Advisory Services Inc. owned approximately 0.07% of JPMorgan Ultra-Short Municipal ETF worth $1,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 591.3% during the 4th quarter. Assetmark Inc. now owns 1,106 shares of the company’s stock worth $56,000 after purchasing an additional 946 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the third quarter worth $60,000. MidAtlantic Capital Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $80,000. Blue Trust Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $82,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $99,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.83 on Tuesday. JPMorgan Ultra-Short Municipal ETF has a twelve month low of $50.53 and a twelve month high of $50.97. The company has a 50-day simple moving average of $50.81 and a two-hundred day simple moving average of $50.82.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a $0.1277 dividend. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, March 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.