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

Shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) reached a new 52-week low on Wednesday . The company traded as low as $50.79 and last traded at $50.83, with a volume of 354725 shares. The stock had previously closed at $50.82.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.0%

The firm’s 50-day moving average price is $50.91 and its two-hundred day moving average price is $50.94.

Institutional Investors Weigh In On JPMorgan Ultra-Short Municipal ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Financial Advisors lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 19.5% in the 2nd quarter. Brown Financial Advisors now owns 10,853 shares of the company’s stock valued at $554,000 after purchasing an additional 1,768 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in JPMorgan Ultra-Short Municipal ETF by 29.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 75,182 shares of the company’s stock worth $3,834,000 after buying an additional 17,173 shares during the last quarter. Kintra Wealth LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 12.2% during the second quarter. Kintra Wealth LLC now owns 78,002 shares of the company’s stock worth $3,971,000 after buying an additional 8,466 shares during the period. HB Wealth Management LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 28.1% during the second quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after buying an additional 716,311 shares during the period. Finally, Unique Wealth LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 102.4% in the second quarter. Unique Wealth LLC now owns 17,106 shares of the company’s stock valued at $872,000 after buying an additional 8,654 shares during the last quarter.

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.