Prime Capital Investment Advisors LLC Invests $288,000 in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Prime Capital Investment Advisors LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,649 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds have also recently added to or reduced their stakes in JMST. International Assets Investment Management LLC grew its position in JPMorgan Ultra-Short Municipal ETF by 7,537.1% in the third quarter. International Assets Investment Management LLC now owns 123,416 shares of the company’s stock worth $6,287,000 after acquiring an additional 121,800 shares in the last quarter. Private Advisor Group LLC boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 1.9% in the third quarter. Private Advisor Group LLC now owns 78,482 shares of the company’s stock worth $3,998,000 after purchasing an additional 1,434 shares in the last quarter. Raymond James & Associates increased its position in JPMorgan Ultra-Short Municipal ETF by 3.3% during the second quarter. Raymond James & Associates now owns 187,169 shares of the company’s stock worth $9,498,000 after buying an additional 6,055 shares during the last quarter. Harbour Investments Inc. raised its holdings in JPMorgan Ultra-Short Municipal ETF by 2.2% during the second quarter. Harbour Investments Inc. now owns 10,955 shares of the company’s stock valued at $556,000 after buying an additional 238 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new stake in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $518,000.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1 %

Shares of BATS JMST opened at $50.82 on Friday. The firm’s 50 day moving average is $50.82 and its 200-day moving average is $50.77.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1451 per share. The ex-dividend date 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 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.