JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Sets New 52-Week High – What’s Next?

JPMorgan Ultra-Short Municipal ETF (BATS:JMST)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.17 and last traded at $51.17, with a volume of 201 shares. The stock had previously closed at $50.90.

JPMorgan Ultra-Short Municipal ETF Stock Performance

The firm has a 50 day simple moving average of $50.95 and a 200-day simple moving average of $50.98.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the first quarter worth $36,000. Rice Partnership LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the third quarter worth $43,000. US Bancorp DE grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $59,000 after purchasing an additional 653 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $71,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth $80,000.

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.