Skyline Advisors Inc. Has $1.83 Million Stock Position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Skyline Advisors Inc. lessened its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,990 shares of the company’s stock after selling 1,448 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises 0.8% of Skyline Advisors Inc.’s investment portfolio, making the stock its 22nd biggest position. Skyline Advisors Inc. owned 0.07% of JPMorgan Ultra-Short Municipal ETF worth $1,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JMST. Macroview Investment Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at approximately $30,000. GAMMA Investing LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the first quarter valued at approximately $50,000. Cooksen Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $51,000. CVA Family Office LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $75,000. Finally, West Paces Advisors Inc. lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 16.4% in the 4th quarter. West Paces Advisors Inc. now owns 3,510 shares of the company’s stock valued at $178,000 after acquiring an additional 495 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Down 0.0 %

Shares of BATS JMST traded down $0.01 during mid-day trading on Monday, hitting $50.75. 255,765 shares of the stock traded hands. The firm’s fifty day simple moving average is $50.67 and its 200 day simple moving average is $50.70.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, July 1st will be given a dividend of $0.1405 per share. The ex-dividend date is Monday, July 1st.

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.