Commonwealth Financial Services LLC Sells 4,013 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Commonwealth Financial Services LLC decreased its position in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 21.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,368 shares of the company’s stock after selling 4,013 shares during the quarter. Commonwealth Financial Services LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of JMST. Chris Bulman Inc bought a new stake in JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at $35,000. Financial Perspectives Inc bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $40,000. Larson Financial Group LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $50,000. GAMMA Investing LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the 1st quarter worth about $50,000. Finally, Cooksen Wealth LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at about $51,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

JMST stock opened at $50.92 on Monday. The company’s 50-day moving average is $50.85 and its 200-day moving average is $50.74.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1451 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

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.