NavPoint Financial Inc. Purchases New Stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

NavPoint Financial Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 61,835 shares of the company’s stock, valued at approximately $3,138,000. JPMorgan Ultra-Short Municipal ETF comprises about 2.9% of NavPoint Financial Inc.’s holdings, making the stock its 11th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Macroview Investment Management LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $30,000. LWM Advisory Services LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the third quarter valued at about $38,000. CVA Family Office LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the fourth quarter valued at about $75,000. Tyler Stone Wealth Management lifted its stake in JPMorgan Ultra-Short Municipal ETF by 33.3% in the third quarter. Tyler Stone Wealth Management now owns 3,200 shares of the company’s stock valued at $161,000 after buying an additional 800 shares during the period. Finally, West Paces Advisors Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 16.4% during the fourth quarter. West Paces Advisors Inc. now owns 3,510 shares of the company’s stock worth $178,000 after purchasing an additional 495 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS JMST traded up $0.03 during mid-day trading on Friday, reaching $50.61. 218,088 shares of the company’s stock were exchanged. The firm’s fifty day moving average is $50.68 and its two-hundred day moving average is $50.67.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

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

About JPMorgan Ultra-Short Municipal ETF

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.