Mercer Global Advisors Inc. ADV Has $6.37 Million Holdings in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Mercer Global Advisors Inc. ADV lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,521 shares of the company’s stock after purchasing an additional 9,735 shares during the period. Mercer Global Advisors Inc. ADV owned approximately 0.24% of JPMorgan Ultra-Short Municipal ETF worth $6,365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. John W. Brooker & Co. CPAs raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the 4th quarter. John W. Brooker & Co. CPAs now owns 27,303 shares of the company’s stock valued at $1,385,000 after acquiring an additional 267 shares during the last quarter. IFP Advisors Inc boosted its stake in JPMorgan Ultra-Short Municipal ETF by 0.7% during the 4th quarter. IFP Advisors Inc now owns 43,456 shares of the company’s stock worth $2,204,000 after acquiring an additional 282 shares during the last quarter. Meridian Financial LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 6.9% in the 4th quarter. Meridian Financial LLC now owns 5,022 shares of the company’s stock valued at $255,000 after buying an additional 322 shares during the period. Gradient Capital Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 4.3% during the 4th quarter. Gradient Capital Advisors LLC now owns 8,127 shares of the company’s stock worth $412,000 after buying an additional 333 shares during the period. Finally, Weaver Consulting Group lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 9.3% during the fourth quarter. Weaver Consulting Group now owns 5,650 shares of the company’s stock worth $287,000 after acquiring an additional 480 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of JPMorgan Ultra-Short Municipal ETF stock opened at $50.68 on Monday. JPMorgan Ultra-Short Municipal ETF has a 1 year low of $50.42 and a 1 year high of $50.98. The business has a 50-day moving average of $50.74 and a two-hundred day moving average of $50.78.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1277 per share. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, March 3rd.

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.