Monterey Private Wealth Inc. Makes New $235,000 Investment in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Monterey Private Wealth Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 3rd quarter, Holdings Channel reports. The firm bought 4,615 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently made changes to their positions in JMST. IMS Capital Management raised its stake in JPMorgan Ultra-Short Municipal ETF by 3.9% during the 1st quarter. IMS Capital Management now owns 5,350 shares of the company’s stock valued at $271,000 after buying an additional 200 shares during the last quarter. YHB Investment Advisors Inc. lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 0.5% in the first quarter. YHB Investment Advisors Inc. now owns 42,196 shares of the company’s stock valued at $2,141,000 after acquiring an additional 206 shares during the period. Guardian Asset Advisors LLC boosted its position in JPMorgan Ultra-Short Municipal ETF by 5.2% in the second quarter. Guardian Asset Advisors LLC now owns 4,452 shares of the company’s stock worth $226,000 after purchasing an additional 221 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.2% during the 2nd quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after purchasing an additional 238 shares during the period. Finally, HTLF Bank increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.2% during the 2nd quarter. HTLF Bank now owns 7,909 shares of the company’s stock valued at $401,000 after purchasing an additional 243 shares during the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

JMST opened at $50.81 on Friday. The stock has a fifty day simple moving average of $50.87 and a 200 day simple moving average of $50.75.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

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

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.