Thompson Davis & CO. Inc. Lowers Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Thompson Davis & CO. Inc. reduced its stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 43.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,250 shares of the company’s stock after selling 5,500 shares during the period. Thompson Davis & CO. Inc.’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. RFG Advisory LLC raised its stake in shares of JPMorgan Ultra-Short Municipal ETF by 35.2% during the fourth quarter. RFG Advisory LLC now owns 10,146 shares of the company’s stock worth $515,000 after purchasing an additional 2,639 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.7% during the fourth quarter. Chesley Taft & Associates LLC now owns 41,825 shares of the company’s stock valued at $2,122,000 after acquiring an additional 700 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in JPMorgan Ultra-Short Municipal ETF by 1.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 108,715 shares of the company’s stock worth $5,485,000 after buying an additional 1,434 shares during the last quarter. Perennial Advisors LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 56.2% in the 4th quarter. Perennial Advisors LLC now owns 58,771 shares of the company’s stock worth $2,982,000 after buying an additional 21,137 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 10.7% in the 3rd quarter. Morningstar Investment Services LLC now owns 57,393 shares of the company’s stock worth $2,897,000 after purchasing an additional 5,556 shares during the period.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of BATS:JMST traded down $0.01 during mid-day trading on Tuesday, hitting $50.69. 248,457 shares of the company traded hands. The stock’s 50-day moving average price is $50.69 and its 200 day moving average price is $50.67.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a dividend of $0.1399 per share. The ex-dividend date was Monday, April 1st.

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.