JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Share Price Breaks Above 200-Day Moving Average – Time to Sell?

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $50.91 and traded as high as $50.93. JPMorgan Ultra-Short Municipal ETF shares last traded at $50.93, with a volume of 1,972,065 shares.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

The stock has a fifty day simple moving average of $50.76 and a two-hundred day simple moving average of $50.91.

Hedge Funds Weigh In On JPMorgan Ultra-Short Municipal ETF

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the 1st quarter worth approximately $36,000. Cherry Tree Wealth Management LLC bought a new position in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at $45,000. Birchwood Financial Partners Inc. purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at $150,000. NBH Bank purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 2nd quarter valued at $166,000. Finally, Cypress Capital Group purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter valued at $204,000.

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.