Mercer Global Advisors Inc. ADV Sells 3,871 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Mercer Global Advisors Inc. ADV decreased its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 122,333 shares of the company’s stock after selling 3,871 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.24% of JPMorgan Ultra-Short Municipal ETF worth $6,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. LPL Financial LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 10.9% during the second quarter. LPL Financial LLC now owns 1,757,832 shares of the company’s stock worth $89,201,000 after buying an additional 172,347 shares during the last quarter. Fiduciary Trust Co increased its holdings in JPMorgan Ultra-Short Municipal ETF by 18.9% during the 4th quarter. Fiduciary Trust Co now owns 1,456,283 shares of the company’s stock valued at $73,892,000 after purchasing an additional 231,636 shares in the last quarter. Wells Fargo & Company MN raised its position in JPMorgan Ultra-Short Municipal ETF by 21.5% in the 4th quarter. Wells Fargo & Company MN now owns 963,543 shares of the company’s stock valued at $48,890,000 after purchasing an additional 170,642 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 22.5% in the second quarter. Resonant Capital Advisors LLC now owns 892,834 shares of the company’s stock worth $45,307,000 after purchasing an additional 163,699 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 14.0% during the fourth quarter. UBS Group AG now owns 778,850 shares of the company’s stock worth $39,519,000 after purchasing an additional 95,378 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.93 on Friday. The firm has a fifty day simple moving average of $50.85 and a two-hundred day simple moving average of $50.73.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a $0.1451 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

JPMorgan Ultra-Short Municipal ETF Company 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.