JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.79 and last traded at $50.83, with a volume of 354725 shares trading hands. The stock had previously closed at $50.82.
JPMorgan Ultra-Short Municipal ETF Stock Up 0.0%
The stock has a fifty day moving average of $50.91 and a 200-day moving average of $50.94.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in JMST. Sequoia Financial Advisors LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 21.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 192,256 shares of the company’s stock worth $9,793,000 after buying an additional 34,232 shares during the last quarter. AlphaCore Capital LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 17.3% in the 4th quarter. AlphaCore Capital LLC now owns 582,811 shares of the company’s stock valued at $29,751,000 after acquiring an additional 85,971 shares during the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock valued at $154,058,000 after acquiring an additional 54,500 shares during the last quarter. Diversified Portfolios Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 17.3% during the 4th quarter. Diversified Portfolios Inc. now owns 297,129 shares of the company’s stock worth $15,136,000 after acquiring an additional 43,792 shares in the last quarter. Finally, WCG Wealth Advisors LLC lifted its stake in JPMorgan Ultra-Short Municipal ETF by 262.3% during the fourth quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock worth $25,116,000 after purchasing an additional 356,972 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.
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