JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Sets New 12-Month Low – What’s Next?

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $50.78 and last traded at $50.7750, with a volume of 159514 shares trading hands. The stock had previously closed at $50.80.

JPMorgan Ultra-Short Municipal ETF Price Performance

The business’s 50-day simple moving average is $50.90 and its two-hundred day simple moving average is $50.93.

Institutional Investors Weigh In On JPMorgan Ultra-Short Municipal ETF

Institutional investors have recently added to or reduced their stakes in the business. HB Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 28.1% in the second quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock valued at $166,683,000 after purchasing an additional 716,311 shares during the period. Corient Private Wealth LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 139.9% during the 4th quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock worth $45,506,000 after purchasing an additional 520,911 shares during the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 13.8% during the 3rd quarter. Bank of America Corp DE now owns 3,786,554 shares of the company’s stock worth $193,266,000 after buying an additional 460,157 shares during the period. WCG Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 262.3% during the 4th quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock worth $25,116,000 after buying an additional 356,972 shares during the period. Finally, Resonant Capital Advisors LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after buying an additional 287,225 shares during the last quarter.

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.