JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Hits New 1-Year Low – Here’s Why

Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST) hit a new 52-week low on Monday . The stock traded as low as $50.82 and last traded at $50.83, with a volume of 54428 shares traded. The stock had previously closed at $50.91.

JPMorgan Ultra-Short Municipal ETF Stock Performance

The business has a 50-day moving average price of $50.92 and a 200-day moving average price of $50.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC raised its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.6% in the 1st quarter. Root Financial Partners LLC now owns 39,321 shares of the company’s stock valued at $2,005,000 after purchasing an additional 225 shares in the last quarter. Narus Financial Partners LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 0.7% during the first quarter. Narus Financial Partners LLC now owns 34,970 shares of the company’s stock valued at $1,783,000 after purchasing an additional 240 shares in the last quarter. Schwallier Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 4.3% during the fourth quarter. Schwallier Wealth Management LLC now owns 6,761 shares of the company’s stock valued at $346,000 after purchasing an additional 278 shares in the last quarter. Equitable Holdings Inc. increased its holdings in JPMorgan Ultra-Short Municipal ETF by 1.0% during the third quarter. Equitable Holdings Inc. now owns 28,263 shares of the company’s stock valued at $1,443,000 after buying an additional 285 shares during the period. Finally, Strategic Wealth Advisors LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 1.0% during the first quarter. Strategic Wealth Advisors LLC now owns 29,288 shares of the company’s stock valued at $1,493,000 after buying an additional 295 shares during the period.

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.